Saylor Reports Zero Bitcoin Buys as Strategy’s Cash Reserve Hits $3 Billion

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Strategy Inc accrued its U.S. dollar reserve by $450 cardinal past week, pushing the equilibrium to $3 cardinal arsenic of July 12, 2026, according to a Form 8-K filed with the Securities and Exchange Commission (SEC).

Key Takeaways

  • Strategy accrued its USD reserve by $450 cardinal to $3 cardinal arsenic of July 12, 2026.
  • Bitcoin holdings held astatine 843,775 BTC, with an aggregate outgo ground of $63.69 billion.
  • Strategy raised $466.7 cardinal selling MSTR shares nether its ATM programme this week.

The Tysons Corner, Virginia institution maintains the USD Reserve to enactment dividend payments connected its 4 classes of preferred banal and involvement connected its outstanding debt. The filing states the $3 cardinal fig includes expected currency from ATM stock income that had not yet settled arsenic of that date.

Executive Chairman Michael Saylor confirmed the update connected societal media. “Strategy has accrued its USD Reserve by $450 million,” Saylor wrote. “As of 7/12/2026, we hodl ₿843,775 successful our BTC Reserves and $3.0 cardinal successful our USD Reserves.”

Bitcoin Holdings Stay Unchanged

The company’s bitcoin presumption did not alteration during the week. Strategy held 843,775 BTC arsenic of July 12, with an aggregate acquisition terms of $63.69 cardinal and an mean outgo of $75,476 per coin. The filing notes nary bitcoin was acquired betwixt July 6 and July 12.

Stock Sales Fund the Reserve

Strategy funded the reserve summation done its at-the-market banal program. The institution sold 4,818,781 shares of Class A communal banal (MSTR) during the week, generating $466.7 cardinal successful nett proceeds. No shares were sold nether the STRF, STRC, STRK, oregon STRD preferred banal ATM programs.

Strategy besides reported nary stock buybacks during the play nether its repurchase programs.

Capital Capacity Remains Large

The institution inactive holds important capableness to rise much capital. Remaining ATM availability stands astatine $1.6 cardinal for STRF, $17.5 cardinal for STRC, $2.1 cardinal for STRK, $4.0 cardinal for STRD and $23.8 cardinal for MSTR, based connected figures successful the filing.

The MSTR capableness reflects some the existing offering and a $21 cardinal summation Strategy announced successful March 2026. Sales nether that summation statesman erstwhile the existent offering is mostly utilized up.

Why the Reserve Matters

The reserve physique comes arsenic Strategy manages a superior operation that present includes 4 preferred banal bid alongside its communal shares, each carrying fixed dividend obligations. Growing the currency buffer gives the institution much country to conscionable those payments without selling bitcoin.

Strategy did not disclose plans for further ATM income oregon bitcoin purchases successful the coming week. The institution said it volition proceed posting updates done its website dashboard, which it uses to fulfill Regulation FD disclosure requirements betwixt ceremonial SEC filings.

The filing was signed by Thomas C. Chow, Strategy’s Executive Vice President and General Counsel.

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