Strategy sold $263.5 million worth of its own shares last week, raising its US dollar reserve to a new high of $3.225 billion, while making no purchases of Bitcoin, according to an SEC filing on Monday.
The bitcoin-focused company sold approximately 2.73 million MSTR shares between July 13 and July 19. The proceeds largely augmented the firm’s cash reserve, which now stands at $3.225 billion as of July 19.
Bitcoin holdings and financial strategy
Strategy maintained its Bitcoin treasury at 843,775 BTC, valued at around $54.7 billion based on current market prices. The average acquisition cost of these holdings, including fees, was about $75,476 per BTC, totaling nearly $63.7 billion.
This BTC stack represents roughly 4% of the total 21 million Bitcoin supply cap. Currently, the position shows approximately $9 billion in unrealized losses on paper.
Recent weeks have seen a clear focus on accumulating cash reserves rather than expanding Bitcoin holdings. A previous share sale of $467 million increased the dollar balance to near $3 billion, with this latest $225 million addition continuing the trend.
Strategy did not engage in any Bitcoin buying, selling, or share repurchases during the period. This pause in Bitcoin acquisition reflects a strategic emphasis on strengthening the balance sheet amid debt management considerations.
Co-founder and executive chairman Michael Saylor highlighted that the dollar reserve acts as a buffer supporting the firm’s financial health. President and CEO Phong Le told Bloomberg TV that Strategy plans to remain a long-term Bitcoin buyer but will reassess risk if Bitcoin prices fall to between $8,000 and $10,000.
Saylor recently published an essay focused on Bitcoin protocol debates, signaling continued involvement in Bitcoin’s technical evolution.
This material is informational and not financial advice.
