Strategy Bolsters US Dollar Reserves with $466.7M, Halts Bitcoin Purchases for Third Week

In a notable shift from its aggressive bitcoin accumulation strategy, Nasdaq-listed business intelligence firm Strategy has paused its Bitcoin buys for a third consecutive week, funneling $466.7 million raised from common stock sales straight into US dollar reserves. The move, announced on July 14, 2026, brings the company’s cash holdings to a staggering $3 billion, signaling a cautious stance amid volatile crypto markets. Investors are now watching closely as the firm, formerly known as MicroStrategy, prioritizes liquidity over additional digital asset exposure.

Latest capital raise and allocation strategy

According to a regulatory filing on Monday, Strategy sold approximately 4.8 million shares of MSTR stock between July 6 and July 12. The proceeds were not used to purchase additional Bitcoin, keeping the company’s total holdings steady at 843,775 Bitcoin. The firm reportedly acquired these Bitcoin over time at a cumulative cost of $63.69 billion, or $75,476 per coin on average.

Strategy’s decision to boost its US dollar cushion reflects a cautious stance amid shifting market conditions. The company stated that these cash reserves are set aside to fulfill dividend payments on its preferred stock and to meet interest obligations tied to its outstanding debt. The recent capital raise increased the cash buffer by about 18%, now covering more than 20 months of the company’s combined $1.76 billion in annual dividend and interest commitments.

Strategy reported that it increased its US dollar reserves by $466.7 million last week, ensuring sufficient capital to cover dividend and interest payments for nearly two years.

Shifting strategy amid market volatility

In recent weeks, the company has notably shifted from its longstanding pattern of raising capital to buy Bitcoin. Instead, Strategy has adopted a new capital allocation framework authorizing the company to sell Bitcoin at scale. This transition was made clear late in June when the firm disclosed its largest-ever Bitcoin sale, amounting to roughly $216 million.

This strategic pivot comes as the company’s capital structure has grown increasingly complex. Previously, Strategy was widely recognized for its aggressive acquisition of Bitcoin with newly raised funds, positioning itself as one of the largest corporate holders of the asset.

Mini dictionary: Strategy – Strategy is a US-based publicly traded company best known for its Bitcoin treasury management and as a provider of business analytics software.

Stock performance and market context

Strategy’s common stock closed at about $92 on Monday, down 48% over the past month. The share price has stabilized since dropping to a more than two-year low of $81.81 at the end of June. The company’s preferred share, Stretch (STRC), which has played a significant role in funding Bitcoin acquisitions and now yields 12%, has been trading below its $100 par value since May.

With Bitcoin trading near $62,600, Strategy’s current holdings are valued at around $11 billion less than the total purchase price paid for its BTC stockpile.

Observers note that this latest development highlights the company’s more defensive financial posture as it navigates a turbulent digital asset market and balancing its capital requirements.