WuBlockchain
Strategy sold 2.73 million MSTR shares for $263.5 million in net proceeds between July 13 and July 19, the company said, while making zero Bitcoin purchases during the week. Holdings of BTC remain unchanged at 843,775, acquired for $63.69 billion at an average price of $75,476 per coin. The company's U.S. dollar reserve climbed to $3.225 billion.
Why it matters
The sale extends a recent pattern of equity issuance without corresponding BTC accumulation. Strategy is still raising capital through MSTR at-the-market mechanics, but the proceeds are landing in the cash pile rather than being deployed into spot Bitcoin. That is a meaningful shift in posture for a treasury whose entire investment thesis has been aggressive, continuous BTC accumulation at every available price level.
Market impact
The pause reads as opportunistic: with BTC trading near all-time highs, the company is opting to let dry powder compound in USD before re-entering. Watch the next two weekly filings for whether this becomes a trend or a one-week anomaly. Two consecutive no-buy weeks in a row would break the accumulation cadence that MSTR equity has been priced on.
How much Bitcoin does Strategy still hold?
Strategy holds 843,775 BTC, acquired for $63.69 billion at an average cost of $75,476 per BTC.
Why did Strategy sell MSTR without buying Bitcoin?
The company issued 2.73 million MSTR shares for $263.5M in net proceeds but did not deploy the cash into BTC during the week ending July 19, leaving its USD reserve at $3.225B.
What was Strategy's average Bitcoin purchase price?
Strategy's average cost basis across its full 843,775 BTC treasury is $75,476 per coin, accumulated over multiple years of buying.
Is Strategy still accumulating Bitcoin?
Frequently asked questions
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How much Bitcoin does Strategy still hold?
Strategy holds 843,775 BTC, acquired for $63.69 billion at an average cost of $75,476 per BTC.
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Why did Strategy sell MSTR without buying Bitcoin?
The company issued 2.73 million MSTR shares for $263.5M in net proceeds but did not deploy the cash into BTC during the week ending July 19, leaving its USD reserve at $3.225B.
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What was Strategy's average Bitcoin purchase price?
Strategy's average cost basis across its full 843,775 BTC treasury is $75,476 per coin, accumulated over multiple years of buying.
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Is Strategy still accumulating Bitcoin?
As of the week of July 13 to July 19, Strategy paused its BTC buys after recent equity issuance, leaving holdings unchanged while cash reserves grew.
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What does the pause mean for MSTR equity?
Investors price MSTR partly on the rate of BTC accumulation per share; consecutive no-buy weeks weaken that signal even when USD reserves are growing.
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