Strategy Cash Reserve Hits $3 Billion as It Skips Bitcoin for a Third Week - Unchained
Strategy cash reserve levels climbed to $3 billion this week as the bitcoin-treasury company funneled stock-sale proceeds into cash rather than bitcoin, extending a defensive stretch.
The bitcoin-treasury company funneled its weekly stock-sale proceeds into cash rather than bitcoin, extending a defensive stretch as its holdings sit billions underwater. Posted July 14, 2026 at 6:16 am EST. Strategysays it raised$466. 7 millionlast week by selling common stock and funneled all of it into cash, lifting its US dollar reserve to$3 billionand passing on a Bitcoin purchase for the third consecutive week. The company sold about4. 8 millionMSTRshares between July 6 and July 12 and bought no Bitcoin, leaving its holdings at843,775 Bitcoinacquired for$63. 69 billion, an average of$75,476a coin, according to a Monday filing. This story is an excerpt from theUnchained Daily newsletter. Subscribe here to get these updates in your email for freeThe cash reserve exists to cover dividends onStrategy’spreferred stock and interest on its debt. The move added about 18% to the cash cushion, enough for more than 20 months of the firm’s$1. 76 billionin annual dividend and interest obligations. The week captures how sharplyStrategyhas swung from offense to defense. For years the model was simple: raise capital, buy Bitcoin, repeat. But with the company’s capital structure now more complicated, it weeks ago adopted a capital framework that authorizesselling Bitcoin at scale. The firm followed that by disclosing its largest-ever Bitcoin sale, about$216 million, in late June. MSTRat around$92on Monday’s close is down about 48% over the past month, though it has steadied since hitting an over-two-year low of$81. 81in late June. Stretch (STRC), the preferred share that has funded much ofStrategy’sBitcoin buying in recent months and now yields 12%, hastraded below its $100 par valuesince mid-May. With Bitcoin down near$62,600, Strategy’s stockpile sits roughly$11 billionbelow what it paid. Related Listen:Strategy Sold More Bitcoin. Is This a Betrayal of the Bitcoin Ethos?AI-assisted content:This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.