According to the 8-K filing submitted to the U.S. SEC by Strategy (MSTR) on July 21, between July 13 and 19 the company sold 2,732,318 shares of MSTR stock, raising about $263.5 million, but during this period it neither bought nor sold any Bitcoin. The company also did not repurchase any of its own shares through a share repurchase program.
MSTR Stock Sales Record from July 13 to 19
(Source: SEC)
Based on the 8-K filing Strategy submitted to the SEC, during the period from July 13 to 19, 2026, the company sold 2,732,318 shares of MSTR stock, raising approximately $263.5 million. During the same period, Strategy did not repurchase any of its own shares through a share repurchase program, nor did it provide specific details on this week’s stock sale plan; it only stated that the funds would be used to strengthen its cash position.
Strategy’s Cash Reserves Reach $3.23B
Strategy said the proceeds from the stock sales were mainly used to increase its U.S. dollar cash reserves, raising the cash position by about $225 million. As of July 19, 2026, cash reserves had reached $3.23B. This week, Strategy did not buy any Bitcoin and did not sell any existing holdings, breaking the pattern of continuously adding to its Bitcoin. Strategy’s management emphasized that its long-term Bitcoin accumulation strategy has not changed; the pause is a decision for short-term cash management.
Strategy’s Bitcoin Holdings Overview
Key figures for Strategy’s current Bitcoin holdings are as follows:
Number of coins held: 843,775 BTC (as published by Michael Saylor)
Share of global supply: about 4% (calculated using a fixed cap of 21 million BTC)
Average buy cost: about $75,476 per coin
Cumulative invested cost: about $63.7 billion (including trading fees and transaction costs)
Valuation at current market prices: about $54.7 billion
Unrealized loss (paper loss): about $9.0 billion (because the current Bitcoin price is below the average cost basis)
Phong Le Statement: Debt Assessment Threshold of $8,000–$10,000
Phong Le, Strategy’s president and CEO, said in a Bloomberg TV interview last week that the company will continue to act as a long-term buyer of Bitcoin. He noted that only when the Bitcoin price falls to about $8,000 to $10,000 will the company begin seriously evaluating risks related to debt.
Phong Le said the company is currently “quite confident (Very Secure)” about the state of its balance sheet and believes its financial structure remains sound.
FAQ
How many MSTR shares did Strategy sell last week, and how much did it raise?
According to the 8-K filing Strategy submitted to the SEC, from July 13 to 19, 2026, the company sold 2,732,318 shares of MSTR stock, raising approximately $263.5 million. The proceeds were mainly used to increase U.S. dollar cash reserves; as of July 19, cash reserves had reached $3.23B.
How many Bitcoins does Strategy currently hold, and what are its cost and book profit/loss?
Strategy currently holds 843,775 BTC (about 4% of total supply). Valued at current market prices, it is worth about $54.7 billion. Cumulative invested cost is about $63.7 billion (about $75,476 per coin on average), with an unrealized paper loss of about $9.0 billion.
Under what circumstances has Strategy’s CEO said it would assess debt risk?
In a Bloomberg TV interview, Strategy president and CEO Phong Le said the company will only begin seriously assessing debt-related risks when the Bitcoin price falls to about $8,000 to $10,000. At present, he is “quite confident (Very Secure)” about the state of the company’s balance sheet.
