Strategy increased its U.S. dollar reserve by $525 million and lifted the total balance to $3.75 billion. The company reported the change in a Form 8-K filed on July 27, 2026. Strategy also kept its Bitcoin holdings unchanged at 843,775 BTC for the 5th consecutive week. The larger cash balance now covers about 2.1 years of dividend and interest payments. The company also raised funds through MSTR share sales while continuing its preferred stock repurchase program.
Strategy Builds Cash Reserve as Bitcoin Buying Pause Continues
Strategy added $525 million to its U.S. dollar reserve during the reporting week. The increase moved the balance from $3.225 billion to $3.75 billion. The company uses the reserve to support dividend payments on preferred stock and interest payments on outstanding debt.
Executive Chairman Michael Saylor confirmed the update in a post on X. He said the company had reached 2.1 years of dividend coverage. Strategy has now focused more attention on liquidity while keeping its Bitcoin position unchanged for five straight weeks.
Strategy | Source: X
The company last bought Bitcoin on June 22, when it added 520 BTC. Since then, Strategy has avoided new purchases and has not reduced its total holdings. The pause marks a change from earlier periods when the company regularly added Bitcoin through share sales and debt-linked funding.
Bitcoin Holdings Remain at 843,775 BTC
Strategy holds 843,775 BTC at a total cost of $63.69 billion. The company paid an average price of $75,476 for each coin, including fees and related expenses. Its holdings represent more than 4% of Bitcoin’s fixed 21 million supply limit.
A tracker chart shared by Saylor valued the holdings at about $54.36 billion on July 26. That figure placed the position roughly 14.84% below its average cost. The gap created an unrealized loss of about $9.47 billion at the reported market price.
Despite the paper loss, Strategy made no changes to its Bitcoin reserve during the week. The company continued to hold its full position while strengthening its cash balance.
MSTR Share Sales Generate $544.5 Million
Strategy sold 5,429,160 MSTR common shares through its at-the-market program. The sales generated $544.5 million in net proceeds during the week. The company used the capital while building its U.S. dollar reserve.
No preferred shares were sold through the at-the-market programs during the same period. Strategy still had large remaining capacity across several programs. It had $22.98 billion available for MSTR and $17.51 billion for STRC. Other remaining amounts included $4.01 billion for STRD, $2.10 billion for STRK, and $1.62 billion for STRF.
Following the update, Strategy Inc. (MSTR) rallied over 6%, reaching $97.59 during morning trading.
MSTR Stock | Source: CoinCodex
The company has used equity programs to support both Bitcoin purchases and balance sheet needs. The latest filing showed a stronger focus on cash accumulation. Strategy raised more through MSTR sales than the amount it added to the dollar reserve during the week.
Strategy Repurchases STRC Preferred Shares
Strategy also repurchased 288,930 shares of STRC preferred stock for $25 million. The transaction took place under the Digital Credit Securities Repurchase Program announced on June 29. The company did not repurchase STRF, STRK, or STRD shares.
Strategy still has $975 million available under the preferred securities repurchase program. It also has $1 billion available under a separate MSTR common stock repurchase plan. However, the company did not buy back any MSTR common shares during the latest week.
The filing showed that Strategy continued to manage cash, preferred stock, and Bitcoin holdings at the same time. The company kept its Bitcoin reserve stable, expanded its cash buffer, and reduced part of its STRC share count. Thomas C. Chow, Strategy’s executive vice president and general counsel, signed the filing under Item 7.01 of the Exchange Act.
