Strategy Executive Chairman Michael Saylor said on September 2, 2026 that the company holds more Total Reserve Capital than every financial services firm in the S&P 500 except Berkshire Hathaway. The company-defined measure starts with unrestricted cash and marketable securities, including bitcoin holdings, then subtracts senior claims such as outstanding debt and preferred-stock liquidation preferences, producing Total Reserve Capital of $72.2 billion versus an earlier cited figure of about $66 billion and Berkshire’s approximately $364 billion under the same framing. The calculation reflects 845,050 BTC valued near $65.5 billion to $65.8 billion at prevailing prices around $77,400, plus about $6.71 billion in dollar-denominated assets, including roughly $5.1 billion set aside as a corporate safety net, with the coins acquired at an average cost of $75,412 each. Berkshire Hathaway reported roughly $360 billion in cash, cash equivalents and short-term U.S. Treasury bills as of June 30, 2026, remaining several times larger on a conventional liquid-reserve basis. Saylor’s metric treats customer deposits at banks as senior claims, generating negative reserve-capital readings for most traditional lenders and ranking Strategy second by the firm’s own definition. Strategy describes Total Reserve Capital as a supplemental, non-GAAP measure with significant limitations. The company expanded a dedicated USD Reserve from $1.44 billion in December 2025 to about $6.7 billion by August 31, 2026, and after selective bitcoin sales under a Digital Credit Capital Framework with up to $1.25 billion in monetization capacity, returned to buying in the week ended August 31 with 4,603 bitcoin for $370 million at an average $80,318. Strategy has stated its ambition is to hold the most capital. Shares closed 1.35% lower at $123.19 before edging up 0.12% in pre-market trading.