Strategy’s Bitcoin Treasury Nears $65 Billion, Becoming 11th Largest Corporate Reserve in the U.S.
Strategy (MSTR) has grown its bitcoin holdings to nearly $65 billion, positioning its treasury as the 11th largest among U.S. corporations, rivaling the cash reserves of some of the country’s largest firms.
In its recent investor presentation related to the STRD at-the-market equity offering, Strategy showcased how its bitcoin stash stacks up against traditional corporate cash holdings. Leading the pack is Berkshire Hathaway, with $410 billion in cash and cash equivalents, followed by tech giant NVIDIA (NVDA) holding $66 billion.
The firm remains on course to meet its 2025 goals, reporting a bitcoin yield of 19.7% toward a 25% target and dollar gains of $9.6 billion toward a $15 billion target. In the second quarter, Strategy recorded an unrealized gain of $14 billion on its bitcoin assets.
Strategy’s perpetual preferred shares have significantly outperformed the iShares Preferred and Income Securities ETF (PFF), the company’s benchmark. Since inception, STRK shares have risen 51%, while PFF declined 3%. STRF increased 38% compared to a 1% drop in PFF, and STRD climbed 12% versus a 2% gain in PFF.
As part of its ambitious $42 billion capital raise, Strategy has already raised $23.9 billion and maintains $34.1 billion in fixed-income issuance capacity under the program.
