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Jul 23, 2026

Strategy Unveils New Bitcoin Metrics Showing $36.6 Billion Net Reserve After Accounting for Debt Claims

Strategy (formerly MicroStrategy) introduced new bitcoin-focused metrics including 'Net Bitcoin Per Share' that subtract debt and preferred-stock obligations from its 843,775 BTC holdings, revealing that $36.6 billion of its approximately $55.6 billion bitcoin treasury represents net value to common shareholders after $6.8 billion in senior claims.

Jul 23, 2026·9 sources
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Top claims

  • ▪Strategy introduced BTC Hurdle ARR, representing the annualized Bitcoin return needed to clear a positive spread over what the company pays to service its obligations.
  • ▪Strategy holds 843,775 Bitcoin, making it the largest corporate Bitcoin holder, with its total holdings valued at approximately $55.6 billion to $58 billion.
  • ▪Strategy reported a Net Reserve of $36.6 billion, derived from its total Bitcoin and cash reserves after subtracting senior claims

Subtopics

Bitcoin1Bitcoin adoption1Bitcoin market analysis1Institutional crypto adoption1

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