Strategy, led by Michael Saylor, has boosted its cash reserves to almost $3 billion while leaving its Bitcoin holdings unchanged. Last week, the company added about $466.7 million to its U.S. dollar reserve through its at-the-market equity program and did not buy or sell any Bitcoin. This marks a shift from aggressively buying Bitcoin to focusing more on liquidity.
Strategy says the cash reserve will help cover dividend payments on its preferred stock and interest on its debt, giving the company more flexibility if crypto markets stay weak.
Strategy now holds 843,775 BTC, bought for about $63.69 billion in total, with an average price of $75,476 per Bitcoin. The company has not added to its Bitcoin treasury since June 22, when it purchased 520 BTC for around $35 million.
Recently, the company has focused on improving liquidity. In the week ending July 5, Strategy sold a small amount of Bitcoin in two transactions, raising about $216 million. Most of this money was used to refill cash reserves after paying dividends on its preferred securities.
Strategy has increased its USD Reserve by $450 million. As of 7/12/2026, we hodl ₿843,775 in our BTC Reserves and $3.0 billion in our USD Reserves. $MSTR $STRC https://t.co/0YQTQd7CXS
— Strategy (@Strategy) July 13, 2026
After Monday’s capital raise, the company’s U.S. dollar reserve is now about $3 billion. This amount is enough to cover around 20 months of preferred-stock dividends and debt interest at current levels.
The bigger reserve is also meant to boost investor confidence in Strategy’s preferred securities, especially STRC, by showing the company can keep making payments even if Bitcoin prices fall. STRC is currently trading below its $100 stated value, which suggests investors still want a higher yield due to Bitcoin-related risks.
Some analysts see this as smart capital management, but critics think Strategy should keep buying Bitcoin instead of building up cash. Economist Peter Schiff has again criticized the company’s approach, saying it has hurt shareholder value.
Market watchers also point out that if Bitcoin stays down for a long time, Strategy might need to raise more money or sell more Bitcoin. For now, though, the company seems to be focusing on financial stability instead of growing its already large Bitcoin holdings.
Source: assets.contentstack.io
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