Strategy sold 2,732,318 shares of MicroStrategy (MSTR) between July 13 and July 19, 2026, generating $263.5 million in proceeds without buying or selling any bitcoin.
The sale increased the company’s U.S. dollar reserves to $3.225 billion as of July 19, up from about $3 billion after a previous $467 million share sale. Approximately $225 million of the proceeds was added directly to cash holdings, signaling a shift toward strengthening the balance sheet rather than expanding bitcoin exposure.
Strategy currently holds 843,775 BTC, valued at around $54.7 billion. The average acquisition price for the bitcoin stack is $75,476 per coin, resulting in roughly $9 billion in unrealized losses compared to current market prices. The company did not participate in any buybacks or market activity with its bitcoin during this period.
MSTR shares declined 4% over the week, closing at $94.85 on Friday, marking a 38.6% drop year-to-date. Bitcoin’s price rose about 1% during the same time frame, widening the valuation gap between the company’s bitcoin holdings and its stock market capitalization. Shares recovered 2% in pre-market trading on Monday.
CEO Phong Le reaffirmed Strategy’s position as a long-term bitcoin buyer, while co-founder Michael Saylor published an essay opposing the proposed BIP-110 protocol change. The firm remains the largest public company holder of bitcoin, controlling nearly 4% of the total 21 million supply.
This material is for informational purposes only and does not constitute financial advice.
