Overview
- Strategy disclosed on July 27 that its U.S. dollar reserve rose to $3.75 billion after $544.5 million of at‑the‑market common stock sales while its Bitcoin holdings remained unchanged at 843,775 BTC.
- The company has not reported a Bitcoin purchase for five consecutive weeks, its longest pause in two years, and it sold roughly 3,588 BTC between June 29 and July 5 under a new capital framework.
- Management used about $25 million of the recent proceeds to repurchase 288,930 shares of its high‑yield STRC preferred stock under a $1 billion repurchase authorization.
- The board’s late‑June capital framework allows up to $1.25 billion of conditional Bitcoin sales and $1 billion in common‑stock buybacks, leaving coin monetization and further equity issuance as available options.
- Investors now watch Strategy’s July 30 Q2 earnings for guidance on whether the company will resume accumulation, monetize Bitcoin, or continue prioritizing liquidity to meet rising preferred dividend obligations.