Strategy Sells $467M in MSTR Shares, Bitcoin Stack Steady

The bitcoin treasury company's cash reserve climbed to $3 billion even as its 843,775 BTC holdings stayed frozen for a second straight week.

Strategy sold $466.7 million worth of MSTR common stock between July 6 and July 12, 2026, lifting its USD reserve to $3 billion while leaving its bitcoin holdings unchanged at 843,775 BTC, according to a Form 8-K the company filed with the SEC on July 13.

The company sold roughly 4.82 million shares through its at-the-market stock program, boosting the cash cushion by about $450 million. Strategy's bitcoin stack was worth $54 billion as of July 12, according to a tracker chart Michael Saylor posted on X.

Cash Cushion Grows

The fresh dollar reserve is meant to cover preferred-stock dividends and interest on Strategy's debt rather than fund new bitcoin purchases. The reserve now covers more than 20 months of those obligations.

Strategy made no bitcoin purchases during the week, extending a run without new BTC buys. The company sold 3,588 bitcoin for $216 million the previous week to fund dividend payments, also without adding to its holdings.