Strategy buys $2.54 billion Bitcoin as cash buffer drops

Strategy (MSTR) shares fell after buying $2.54 billion in Bitcoin, its largest purchase of 2026. Analysts warn the aggressive acquisition is draining cash reserves to just 18 months of dividend coverage, missing the company's 24-month target. This rapid depletion has raised fears about potential shareholder dilution if the firm issues more stock to fund future Bitcoin purchases.