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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%
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%
07/20/2026

Strategy Sells $263.5M in MSTR Shares, Holds BTC as USD Reserve Tops $3.2B

What happened: Strategy (formerly MicroStrategy) sold 2,732,318 MSTR shares between July 13–19, raising $263.

Strategy Sells $263.5M in MSTR Shares, Holds BTC as USD Reserve Tops $3.2B

What happened: Strategy (formerly MicroStrategy) sold 2,732,318 MSTR shares between July 13–19, raising $263.5 million via an at-the-market offering. The company did not buy or sell any bitcoin, maintaining its 843,775 BTC holdings, which represent about 4% of the total supply cap and are currently valued at approximately $54.7 billion. Its USD reserve increased by $225 million to $3.225 billion, earmarked for preferred-stock dividends and debt interest.

Why it matters: The continued MSTR share sales without corresponding bitcoin purchases signal a strategic shift toward active balance-sheet management. With a recent $9 billion paper loss on its BTC position, Strategy’s move to bolster cash reserves highlights growing caution. The company’s evolving treasury approach could influence other corporate crypto holders, especially in volatile market conditions.

Source: The Block