Strategy Grows Cash Reserve to $3 Billion While Holding 843,775 Bitcoin Steady

By Lidia Yadlos

Strategy is taking a more cautious approach to its Bitcoin treasury.

The company raised $466.7 million through the sale of Class A shares last week, but instead of immediately buying more Bitcoin, it added the proceeds to its cash reserves. The move increased Strategy's cash position to approximately $3 billion, marking the second consecutive week that the company has left its Bitcoin holdings unchanged.

The decision reflects a notable shift for Executive Chairman Michael Saylor, whose company has spent years following a simple formula: raise capital and convert it into Bitcoin.

No New Bitcoin Purchases

According to a filing with the U.S. Securities and Exchange Commission, Strategy sold 4.82 million Class A shares between July 6 and July 12 through its at-the-market (ATM) equity program.

The company did not issue any preferred shares during the period and confirmed it neither bought nor sold Bitcoin.

Earlier this month, Strategy sold 3,588 BTC for approximately $216 million, marking the first significant reduction of its Bitcoin holdings and the largest sale in the company's history. Combined with this week's decision to preserve cash rather than expand its treasury, the company appears increasingly focused on managing liquidity alongside its long-term Bitcoin strategy.

Despite pausing new purchases for a second consecutive week, Strategy remains by far the world's largest corporate holder of Bitcoin, controlling roughly 4% of Bitcoin's maximum 21 million supply.

Whether the company resumes buying or continues building its cash position will likely depend on both market conditions and the flexibility provided by its expanding capital structure.

Published on Blockster

Strategy Grows Cash Reserve to $3 Billion While Holding 843,775 Bitcoin Steady