Strategy made no Bitcoin purchase last week as USD reserve rose to about $3.2 billion
Fresh common-stock sales lifted Strategy’s dollar reserve to about $3.225 billion while its 843,775 BTC holdings stayed flat, pushing quarter-to-date Bitcoin-per-share metrics into negative territory.
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.
Strategy left its Bitcoin holdings unchanged at 843,775 BTC for the week ended July 19 while selling about 2.73 million Class A shares for roughly $263.5 million and increasing its designated dollar reserve by $225 million to about $3.225 billion. The company reported no sales through its four preferred-stock offering programs and has now gone four straight weeks without a Bitcoin purchase. The reserve buildup is aimed at supporting a capital structure that carries about $1.76 billion in expected annual dividends and interest expense, giving the cash buffer coverage of roughly 22 months and exceeding the 12-month minimum under a board-approved policy. The pause in Bitcoin buying follows a late-June purchase and an early-July sale that reduced holdings from 847,363 BTC to 843,775 BTC, leaving the company with about $63.7 billion invested in Bitcoin at an average cost of roughly $75,476 per coin and an unrealized loss of more than $9.4 billion at recent prices. With more than 7.5 million common shares issued over the past two weeks and no corresponding increase in Bitcoin holdings, Strategy’s quarter-to-date BTC Yield fell to -2.3%, BTC Gain to -19,247 BTC and BTC dollar gain to -$1.2 billion, even as year-to-date figures remained positive. The company’s focus has shifted toward reinforcing support for its preferred securities, including STRC, whose discount to its $100 stated value has weighed on Strategy’s funding channel for future Bitcoin purchases.
- BTC Yield: Strategy’s measure of the percentage change in the ratio between its Bitcoin holdings and assumed diluted shares outstanding.
- credit spreads: The extra yield investors demand to hold a company’s securities over safer benchmarks, often reflecting perceived risk.
- preferred-stock offering programs: Capital-raising programs that issue preferred shares, which typically pay dividends and rank ahead of common stock in claims on assets.