Strategy Accumulates 650,000 BTC and Builds $1.44B Cash Reserve as Stock Trades Below Bitcoin Holdings Value

Strategy Inc. has accumulated 650,000 BTC after purchasing 130 coins at approximately $89,960 each, while establishing a $1.44 billion cash reserve to cover preferred stock dividends and debt obligations. The company's market capitalization stands at roughly $45 billion, about $10 billion below the $55 billion market value of its bitcoin holdings. The firm's stock has fallen 57% since October 6, raising questions about the sustainability of its acquisition strategy under current market conditions.