Strategy Sells $263.5 Million in Stock, Bitcoin Holdings Unchanged at 843,775 BTC

Strategy (MSTR) raised $263.5 million in net proceeds by selling over 2.7 million shares of its Class A common stock between July 13 and July 19, 2026, the company disclosed on July 20. During the same period, the firm made no additional bitcoin purchases, maintaining its total holdings at 843,775 bitcoin.

Capital Raise and Bitcoin Position

The sale of 2,732,318 shares was conducted under the company's at-the-market (ATM) offering program, a method that allows companies to sell shares directly into the open market over time. According to the filing, no shares of the company's various preferred stock series were sold during this one-week period.

Strategy's significant cryptocurrency reserve remains unchanged. The company's holdings were acquired at a total cost of $63.69 billion, which reflects an average purchase price of $75,476 per bitcoin, inclusive of fees and expenses. The disclosure also noted that no shares were repurchased under its buyback programs.

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Balance Sheet and Future Offerings

As of July 19, 2026, Strategy reported a U.S. dollar reserve of $3.225 billion. The company stated these funds are maintained to support preferred stock dividends and interest payments on its outstanding debt. This figure includes expected cash proceeds from the recent stock sales that had not yet settled.

The company retains significant capacity for future capital raises. Its remaining ATM capacity stands at $23.5 billion for its common stock, in addition to billions available across its preferred stock series. In March 2026, Strategy announced plans for an additional $21.0 billion common stock offering, which can commence once the current program is substantially utilized.