On July 19, 2026, Strategy Inc. increased its U.S. dollar reserve to $3.225 billion by selling 2.73 million shares of MSTR stock, generating $263.5 million in net proceeds without purchasing any bitcoin during the week.
The company’s bitcoin holdings remained steady at 843,775 BTC, with no new acquisitions since June 22. The total cost of these bitcoin holdings stands at $63.69 billion, averaging $75,476 per bitcoin including fees.
The growing cash reserve is intended to cover dividends on preferred stock and interest on outstanding debt, according to Strategy’s latest filing with the U.S. Securities and Exchange Commission. The company continues to raise capital through its at-the-market (ATM) equity program.
Strategy’s available financing capacity remains significant. About $23.53 billion stays unused under the MSTR ATM program, complemented by capacity across preferred stock offerings STRF, STRC, STRK, and STRD. The filing does not specify whether the funds raised will be allocated to bitcoin purchases or retained as liquidity.
Executive Chairman Michael Saylor highlighted the increased cash reserve and unchanged bitcoin holdings in a post on X, confirming the company’s ongoing pause in bitcoin buying despite fresh capital inflows.
During the reporting period of July 13 to 19, no preferred stock sales or share repurchases occurred. This week marks the continuation of a buying halt that started after the last bitcoin acquisition on June 22.
