Strategy Raises $225M Cash Reserve with MSTR Stock Sale, Holds Bitcoin
Strategy raised $225 million for its cash reserves without selling any Bitcoin by selling MSTR stock, according to Decrypt. The firm netted $263.5 million from its sale of 2,732,318 MSTR shares for the week ending July 19, 2026, bringing its USD Reserve to $3.225 billion.
Strategy, a firm led by Michael Saylor, sold 2,732,318 shares of its MSTR stock for $263.5 million between July 13 and July 19, 2026. This transaction increases its USD Reserve to $3.225 billion while leaving its Bitcoin stash of 843,775 BTC untouched, which represents roughly 4% of Bitcoin's total fixed supply.
This marks the second consecutive week that Strategy opted to sell shares instead of Bitcoin, accumulating $675 million over the past two weeks. The firm's cash reserve, referred to as the USD Reserve, is earmarked for dividend payments and debt obligations. The recent stock sales have several implications for the firm's shareholders, with preferred shareholders receiving priority for dividends, followed by common stockholders.
Critics like Peter Schiff argue that selling MSTR stock instead of Bitcoin may indicate a concern about the market's ability to absorb a large Bitcoin sale without causing a price drop. Saylor addressed the situation through a tweet, confirming the increased cash reserves and the intact Bitcoin position:
As Strategy continues to bolster its cash reserves, observers will be keen to see whether the firm adjusts its approach to selling assets in the future and how this strategy impacts its cryptocurrency holdings.
Summary based on original reporting by Jose Antonio Lanz at Decrypt, originally published Jul 20, 2026. SolanaWire does not republish source content.
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