Strategy increased its USD reserve by $525 million to reach $3.75 billion as of July 26, 2026, funded through an at-the-market stock offering that saw the company sell 5,429,160 shares of MSTR common stock between July 20 and July 26 for $544.5 million in net proceeds.
The expanded reserve now covers roughly 2.1 years of the firm's annual obligations, which total $1.76 billion in preferred dividends and debt interest payments each year, giving the company a longer runway to service its liabilities without needing to sell Bitcoin.
Fifth Straight Week Without a Bitcoin Purchase
Strategy's Bitcoin holdings remained unchanged at 843,775 BTC, marking the fifth consecutive week the company has gone without adding to its position, its longest buying pause in two years. The firm's most recent Bitcoin purchase came on June 22, 2026, when it acquired 520 BTC for $35 million.
With Bitcoin trading around $65,000, Strategy's total holdings are valued roughly $8.5 billion below the $63.69 billion the company has cumulatively invested in the asset, underscoring the scale of the paper losses the firm is currently sitting on even as it continues to describe Bitcoin as its primary treasury reserve asset.
First Buyback Under the STRC Repurchase Program
Separately, Strategy executed its first repurchase under the $1 billion Digital Credit Securities Repurchase Program approved on June 29. The company bought back 288,930 shares of its STRC preferred stock for $25 million, leaving $975 million available under the authorization.
STRC shares were trading at $88.61 in pre-market activity, notably below the $100 par value the security had maintained since mid-May, suggesting the buyback is aimed at supporting the preferred stock's price as it trades at a discount to par.
