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Strategy made no Bitcoin purchase last week as USD reserve rose to about $3.2 billion

Strategy made no Bitcoin purchase last week as USD reserve rose to about $3.2 billion

Strategy kept 843,775 BTC unchanged for a second straight week, raised about $263.5 million through MSTR share sales, and continued building cash to cover preferred dividends and debt obligations.

BTC

Fact Check
The primary source—Saylor's own X post (@saylor/status/2078821350114824461)—directly confirms the 'What's next?' caption with an attached Strategy Bitcoin chart on July 19, 2026, matching the pattern that typically precedes a purchase disclosure (per BlockBeats). Bloomingbit and WuBlockchain independently confirm Phong Le's statement that the company remains financially stable (pressured only if BTC falls to $8,000-$10,000) and committed to buying Bitcoin. All claim elements are corroborated by both the primary post and multiple secondary sources.
Summary

Strategy left its Bitcoin holdings unchanged at 843,775 BTC during July 13 to July 19 while increasing its U.S. dollar reserve to $3.225 billion after selling 2,732,318 MSTR shares for roughly $263.5 million through its at-the-market equity program. A July 20 filing with the U.S. Securities and Exchange Commission showed the company made no Bitcoin purchases or sales during the period and reported no sales under its STRC, STRF, STRK or STRD preferred stock programs. The latest capital raise follows another week without Bitcoin purchases. Strategy also kept its holdings unchanged at 843,775 BTC in the prior week after raising $466.7 million through sales of about 4.82 million MSTR shares between July 6 and July 12. Together, the two updates show the company raising cash through common equity rather than expanding its Bitcoin position, lifting its reserve by $675 million since July 5, when it reported $2.55 billion in cash after a separate Bitcoin sale. Strategy said the reserve is being used to support preferred stock dividends and interest on outstanding debt. Its current Bitcoin treasury was acquired for about $63.69 billion at an average cost of $75,476 per Bitcoin, including fees and expenses, and the company still has about $23.53 billion available under its MSTR ATM program. Investor debate over STRC valuation has continued as the preferred shares traded below their $100 reference value, with Khing Oei arguing that valuation should focus on expected future cash flows and Strategy’s ability to fund distributions rather than headline yield alone.

Terms & Concepts
  • At-the-market equity program: A financing program that allows a company to sell shares gradually into the open market at prevailing prices.
  • Preferred stock: A class of shares that typically pays dividends and ranks ahead of common stock for payouts.
  • Reference value: A benchmark price used for comparison, such as the $100 level investors use to assess how far a security trades above or below par-like value.