Strategy Pauses Bitcoin Buys and Bolsters Cash Reserves to $3 Billion, Continues to Hold 843,775 BTC
- Jul 14
- 2 min read
Updated: Aug 11
Bitcoin treasury company Strategy raised nearly $467 million through common stock sales last week while leaving its bitcoin position unchanged, according to an 8-K filing with the U.S. Securities and Exchange Commission released Monday.
The company sold 4,818,781 MSTR shares between July 6 and July 12, generating approximately $466.7 million. It neither bought nor sold bitcoin during the period, with the proceeds increasing its U.S. dollar reserve balance by about $450 million to $3 billion as of July 12.
Strategy continues to hold 843,775 BTC, acquired for approximately $63.7 billion, including fees and expenses, at an average purchase price of $75,476 per bitcoin, Executive Chairman Michael Saylor said. The position represents about 4% of bitcoin's fixed 21 million supply, maintaining the company's lead among corporate bitcoin holders.
At Monday's trading price of approximately $63,000, the company’s portfolio carries an unrealized paper loss of $10.7 billion, representing a 16.8% decline from its total cost basis.
Following the regulatory filing on Monday, Strategy's shares declined 2.6% in pre-market trading, while bitcoin traded flat at $63,000.
The share sale follows a broader contraction in the company's valuation metrics. Strategy's stock fell 6.5% last week to close at $94.64 on Friday, while bitcoin rose 1.7% during the same period.
The stock remains approximately 79% below its summer 2025 peak, with its enterprise market-to-net asset value (mNAV) ratio contracting to 1.03, according to corporate disclosures.
Strategy In Numbers
Metric | Current Value | Context/Prior Period |
Common shares sold | 4,818,781 shares | July 6 – July 12 period |
Gross proceeds | $466.7 million | Allocated to USD reserves |
Total cash reserve | $3 billion | $450 million increase from prior week |
Bitcoin portfolio | 843,775 BTC | 4.02% of total supply |
Portfolio cost basis | $63.7 billion | Average cost of $75,476 per BTC |
Unrealized paper loss | $10.7 billion | At current BTC price of $63,000 |
Separately, Strategy Chief Executive Officer Phong Le announced the introduction of the Bitcoin Bank Adoption Index, stating that institutional adoption of the digital asset ecosystem across major financial institutions is currently at 32%.
The index launch and share sales occur under Strategy's newly implemented Digital Credit Capital Framework, which limits the company's USD reserves to preferred stock dividends and interest obligations.
The framework authorizes a $1 billion repurchase program for digital credit securities and a $1 billion common stock buyback program, alongside a BTC Monetization Program allowing up to $1.25 billion in bitcoin sales to fund corporate liquidity.
Meanwhile, Strategy remains the largest corporate holder of bitcoin among public entities.
According to Bitcoin Treasuries, which tracks 197 public corporations with bitcoin treasury strategies, Tether-backed Twenty One ranks second with 43,514 BTC, followed by Metaplanet with 43,000 BTC, MARA with 36,303 BTC, and Bitcoin Standard Treasury Company with 30,021 BTC.
JAN MATULA
Founder of Bitcion.Blog
Graduate of Bratislava University of Economics and Business, experienced Forex and Stocks trader since 2008, early Bitcoin investor and crypto trader since 2021.
This content is for informational purposes only and should not be taken as solicitation, recommendation, endorsement or investment advice. It is crucial for you to conduct your own research and due diligence to make informed decisions, as any investment will be your sole responsibility. Please review our disclaimer and risk warning.
