Strategy, the corporate Bitcoin holder formerly known as MicroStrategy, announced on Monday that its USD Reserve has grown to $1.1 billion, up from $871 million last month, after a period of repurchasing convertible debt. The company also expanded its Bitcoin holdings to 846,842 BTC, worth approximately $56.3 billion, following a $100 million purchase of 1,587 BTC last week. However, with Bitcoin trading below Strategy's average purchase price, its stockpile remains roughly $7.8 billion in unrealized loss. The reserve rebuild comes amid analyst concerns about investor confidence, as the firm previously sold 32 BTC for $2.5 million, raising questions about its commitment to holding Bitcoin. Executive Chairman Michael Saylor introduced a new risk metric called 'CEPE BPS' to track Bitcoin per share after senior claims, signaling a refined focus on liabilities. The company's preferred stock (STRC) pays an 11.5% annual dividend and is valued at ~$10 billion.

Key facts

• Strategy's USD Reserve reaches $1.1 billion, up from $871 million last month.
• Bitcoin holdings increased to 846,842 BTC after purchasing 1,587 BTC for $100 million.
• Stockpile remains $7.8 billion unrealized loss as Bitcoin trades below average purchase price.
• Saylor introduces 'CEPE BPS' metric to track Bitcoin per share after senior claims.
• Company's preferred stock STRC offers 11.5% annual dividend, valued at ~$10 billion.

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