Key Takeaways
- Strategy increased its USD reserve by $450 million to $3 billion as of July 12, 2026.
- Bitcoin holdings held at 843,775 BTC, with an aggregate cost basis of $63.69 billion.
- Strategy raised $466.7 million selling MSTR shares under its ATM program this week.
The Tysons Corner, Virginia company maintains the USD Reserve to support dividend payments on its four classes of preferred stock and interest on its outstanding debt. The filing states the $3 billion figure includes expected cash from ATM share sales that had not yet settled as of that date.
Executive Chairman Michael Saylor confirmed the update on social media. “Strategy has increased its USD Reserve by $450 million,” Saylor wrote. “As of 7/12/2026, we hodl ₿843,775 in our BTC Reserves and $3.0 billion in our USD Reserves.”
Bitcoin Holdings Stay Unchanged
The company’s bitcoin position did not change during the week. Strategy held 843,775 BTC as of July 12, with an aggregate purchase price of $63.69 billion and an average cost of $75,476 per coin. The filing notes no bitcoin was acquired between July 6 and July 12.
Stock Sales Fund the Reserve
Strategy funded the reserve increase through its at-the-market stock program. The company sold 4,818,781 shares of Class A common stock (MSTR) during the week, generating $466.7 million in net proceeds. No shares were sold under the STRF, STRC, STRK, or STRD preferred stock ATM programs.
Strategy also reported no share buybacks during the period under its repurchase programs.
Capital Capacity Remains Large
The company still holds substantial capacity to raise more capital. Remaining ATM availability stands at $1.6 billion for STRF, $17.5 billion for STRC, $2.1 billion for STRK, $4.0 billion for STRD and $23.8 billion for MSTR, based on figures in the filing.
The MSTR capacity reflects both the existing offering and a $21 billion increase Strategy announced in March 2026. Sales under that increase begin once the current offering is largely used up.
Why the Reserve Matters
The reserve build comes as Strategy manages a capital structure that now includes four preferred stock series alongside its common shares, each carrying fixed dividend obligations. Growing the cash buffer gives the company more room to meet those payments without selling bitcoin.
Strategy did not disclose plans for further ATM sales or bitcoin purchases in the coming week. The company said it will continue posting updates through its website dashboard, which it uses to satisfy Regulation FD disclosure requirements between formal SEC filings.
The filing was signed by Thomas C. Chow, Strategy’s Executive Vice President and General Counsel.
