MicroStrategy Reserve Capital Beats All S&P 500 Financials But Berkshire, MSTR Still Slips

Michael Saylor says MicroStrategy now holds more reserve capital than every financial firm in the S&P 500 but one. Berkshire Hathaway is the exception.

The boast rests on a yardstick the company built itself. MicroStrategy's own investor briefing lands on a number $15 billion smaller.

How MicroStrategy Got Here

MicroStrategy holds 845,050 BTC. Its first buy, in August 2020, was 21,454 coins for $250 million. That stack is now worth about $65.2 billion. It resumed buying on August 31, ending a 10-week pause with 4,603 coins for $370 million.

Add $6.7 billion in dollar assets and the reserve reaches $72.3 billion. Chief Executive Phong Le cited roughly $72 billion the same day, so the figure holds up.

Le also claimed zero net leverage. The briefing backs him. Dollar assets of $6.714 billion match total debt of $6.714 billion almost exactly, after the company built its dollar pools through August.

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