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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
07/28/2026

Strategy Adds $525M to Cash Reserve, Fifth Week Without Bitcoin Buy

What happened: Strategy (formerly MicroStrategy) increased its USD reserve by $525 million to a record $3.

Strategy Adds $525M to Cash Reserve, Fifth Week Without Bitcoin Buy

What happened: Strategy (formerly MicroStrategy) increased its USD reserve by $525 million to a record $3.75 billion, enough to cover 2.1 years of preferred dividends and debt interest. The company has not purchased additional Bitcoin for five consecutive weeks, maintaining its holdings at 843,775 BTC—the longest pause in nearly two years. Strategy also initiated a $1 billion buyback program for its STRC preferred shares, spending $25 million on 288,930 shares last week, while raising $544.5 million by selling 5.43 million MSTR common shares.

Why it matters: The extended pause in Bitcoin purchases marks a notable shift for a company synonymous with aggressive BTC accumulation. The focus on cash reserves and buybacks—especially as STRC trades below par—suggests a more defensive posture amid market uncertainty. Some analysts argue this "feedback loop" was designed to pause BTC buys and shore up liquidity, raising questions about the sustainability of Strategy's dual-share capital structure and its impact on the broader Bitcoin market.

Source: Decrypt