Strategy Adds $525 Million to Cash Reserves, Buys No Bitcoin
Key Takeaways
- •Strategy sold 5.4 million MSTR shares last week and used part of the proceeds to repurchase 288,930 STRC preferred shares.
- •The company said its USD Reserve rose to $3.75 billion, providing 2.1 years of dividend and interest coverage.
- •Strategy did not buy any Bitcoin during the week, marking five consecutive weeks without a purchase.
- •The company still holds 843,775 BTC, valued at about $54 billion, while carrying more than $8 billion in paper losses.
- •Strategy is scheduled to report second-quarter earnings on July 30, and analysts expect earnings to increase 6.40% to $121.88 million.
Strategy Inc. (MSTR) increased its cash reserve by $525 million over the past week.
The company filed a Form 8-K on Monday, reporting that it sold 5.4 million MSTR shares last week for $544.5 million. During the same period, it repurchased 288,930 shares of its STRC preferred stock for $25 million.
Michael Saylor, Strategy’s executive chairman, confirmed the update on X and said the company now has 2.1 years of coverage for dividend and interest payments. As of the filing, Strategy’s USD Reserve stood at $3.75 billion, adding another layer to the company’s balance-sheet strategy as it continues to manage obligations without changing its Bitcoin holdings.
Saylor disclosed the update a day early, as Cryptopolitan reported. On Sunday, he posted the same tracker chart with the comment, “We’re gonna need another color,” a pattern that had previously been followed by Monday disclosures about Bitcoin purchases.
We’re gonna need another color. pic.twitter.com/AqZO5UeXDx — Michael Saylor (@saylor) July 26, 2026
We’re gonna need another color. pic.twitter.com/AqZO5UeXDx
This time, however, the update was about reserve building. Strategy did not buy any Bitcoin during the week, marking the fifth consecutive week without a purchase. That makes the filing notable for what it did not include: an addition to the company’s BTC stack, even as Strategy remains one of the largest corporate holders of the asset.
The company holds 843,775 BTC, valued at $54 billion, and is carrying paper losses of more than $8 billion.
Peter Schiff says Strategy should have sold Bitcoin
Longtime Bitcoin critic Peter Schiff said selling MSTR was the wrong move and argued that Strategy should have sold BTC instead of the “discounted MSTR shares.”
“So, another week when you chose to destroy common shareholder value by selling discounted MSTR shares (thereby reducing Bitcoin per share) to raise cash and buy back STRC rather than sell Bitcoin,” Schiff posted on X.
He added that the common stock sales leave investors with no legitimate reason to own MSTR.
Strategy is scheduled to report second-quarter earnings on Thursday, July 30. Analysts expect earnings to rise 6.40% to $121.88 million.
MSTR was trading at $97.46, up 6.44% on the day after the news. The consensus price target for the stock is around $360, implying upside of more than 290%.