The company’s latest share sale lifted its cash reserves to $2.19 billion, creating a buffer sufficient to cover interest and dividend obligations for roughly 32 months.
Strategy announced on Monday that it raised around $748 million through a common stock sale, boosting its U.S. dollar reserves to $2.19 billion. The stronger cash position places the company in a more resilient stance against challenging market conditions.
Analysts at TD Securities, part of TD Cowen, said the move clearly highlights the strength of Strategy’s balance sheet. They noted that concerns around the company’s long term viability have eased significantly, even under a prolonged crypto winter scenario.
TD Cowen reiterated its buy rating on the stock and maintained a 12 month price target of $500. Despite the sharp year to date decline in the share price, analysts believe the target remains reasonable due to the embedded leverage to Bitcoin.
Strategy currently holds 671,268 Bitcoin, making it the largest corporate Bitcoin holder globally. TD Cowen expects the company’s Bitcoin holdings to reach 835,000 BTC by the end of fiscal 2027, adding that softer regulatory signals in the U.S. could support a more constructive environment for the sector going forward.
