By Isaac • July 20, 2026 8:04 am •
Strategy sold stock last week.
The company did not use the money to buy Bitcoin.
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That combination would have sounded strange during the most aggressive phase of Michael Saylor’s treasury campaign. It now looks deliberate.
Strategy sold 2,732,318 shares of MSTR between July 13 and July 19, raising about $263.5 million in net proceeds. Its Bitcoin balance stayed fixed at 843,775 BTC.
The cash balance moved instead.
Strategy says the company added $225 million to its dedicated U.S. dollar reserve, bringing that pool to $3.225 billion as of Sunday. Strategy reported no Bitcoin purchases, no Bitcoin sales and no share repurchases for the week.
The gap between the $263.5 million raised and the $225 million reserve
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