Strategy Skips Bitcoin Purchases for Fifth Consecutive Week, Raises Cash Reserve to $3.75 Billion

Strategy Inc. has paused its Bitcoin purchases for a fifth consecutive week, keeping its holdings steady at 843,775 BTC. Instead, the firm raised $544.5 million by selling 5.4 million MSTR common shares, boosting its U.S. dollar reserve by $525 million to a total of $3.75 billion. This cash buffer covers 2.1 years of the company's annual preferred stock dividends and debt interest. Strategy also deployed $25 million to repurchase 288,930 shares of its STRC preferred stock.

MicroStrategy cash reserve growth

• ▪Strategy Inc.'s cash reserve of $3.75 billion is intended to fund preferred stock dividends, service debt, and provide added liquidity
• ▪Strategy Inc. increased its U.S. dollar reserve by $525 million to a total of $3.75 billion as of July 27, 2026

Common stock capital raise

• ▪Strategy Inc. generated $544.5 million in net proceeds by selling 5,429,160 shares of MSTR common stock through its at-the-market program between July 20 and July 26, 2026
• ▪Strategy Inc. has $22.98 billion in remaining at-the-market capacity for MSTR common stock

Preferred stock dividend coverage

• ▪Strategy Inc. owes approximately $1.76 billion each year in preferred dividends and debt interest
• ▪Strategy Inc.'s $3.75 billion cash reserve covers 2.1 years of dividend and interest obligations on its outstanding preferred stock and debt

STRC share repurchase program

• ▪Strategy Inc. repurchased 288,930 shares of its STRC preferred stock for $25 million
• ▪Strategy Inc.'s repurchase of STRC preferred stock left $975 million available under its $1 billion Digital Credit Securities Repurchase Program

Bitcoin holdings unchanged

• ▪Strategy Inc.'s Bitcoin holdings were valued at approximately $54.36 billion as of July 26, 2026, representing an unrealized paper loss of roughly $9.47 billion
• ▪Strategy Inc.'s 843,775 Bitcoin holdings were acquired for an aggregate cost of $63.69 billion at an average price of $75,476 per coin
• ▪Strategy Inc. kept its Bitcoin holdings unchanged for a fifth consecutive week at 843,775 BTC as of July 26, 2026

MSTR stock price movement

• ▪Strategy Inc.'s Nasdaq-listed stock (MSTR) traded nearly 7% higher on Monday, July 27, 2026, reaching approximately $98 per share
• ▪Benchmark Equity Research reiterated its Buy rating and $570 price target on Strategy Inc. stock on July 27, 2026