The largest corporate bitcoin holder funneled $544.5 million from stock sales into its cash reserve instead of coins, lifting the reserve to $3.75 billion.
Original Image Credits: PJ McDonnell / Shutterstock.com
Posted July 28, 2026 at 6:31 am EST.
Strategy has gone five consecutive weeks without purchasing bitcoin. Rather than buy, the company raised $544.5 million by selling about 5.4 million MSTR shares last week and directed the proceeds toward its cash reserve.
According to a Form 8-K filed Monday, Strategy’s bitcoin holdings were unchanged at 843,775 BTC, bought at an average price of $75,476 for a cost basis of $63.69 billion. The company’s U.S. dollar reserve rose to $3.75 billion, an increase of roughly $525 million, and it repurchased $25 million of its STRC preferred stock. Saylor said the reserve now covers about 2.1 years of preferred dividend obligations.
This story is an excerpt from the Unchained Daily newsletter.
Subscribe here to get these updates in your email for free
The prolonged pause removes a reliable source of demand from the bitcoin market. Strategy has been the largest corporate holder of the asset, and for years a purchase disclosure landed almost every Monday. Its retreat to the sidelines, paired with a swelling cash pile, signals a company prioritizing balance-sheet defense over accumulation while bitcoin trades near $63,000, well under its average purchase price.
The retrenchment traces back to strain in Strategy’s funding machine. Its STRC preferred stock has fallen well below the $100 level it was engineered to hold, throttling the flywheel that let the company issue shares to buy coins.
Strategy reports second-quarter earnings after the market close Thursday.
Related Listen: Strategy Sells $216M in Bitcoin. Is Saylor a Buyer or a Seller Now?: Bits + Bips
AI-assisted content: This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.
Business,bitcoin,Michael Saylor,Strategy,yahoobitcoin,Michael Saylor,Strategy,yahoo#Strategy #Extends #Bitcoin #Buying #Pause #Weeks #Sells #Million #Stock #Build #Cash1785241418
