Strategy adds $525M to cash pile, holds bitcoin buys for fifth week
Macro & Markets ·
The company reports its USD reserve now stands at $3.75 billion, giving it 2.1 years of dividend coverage while its bitcoin holdings remain unchanged at 843,775 BTC.
The disclosure came via a Form 8-K filed July 27, 2026, as detailed in Strategy's press release. The filing marks the fifth consecutive week the company has skipped a new bitcoin purchase, a pause corroborated by Decrypt, which frames the move as part of an effort to rebuild cash reserves rather than expand the bitcoin position.
The mechanics behind the reserve increase point to capital markets activity rather than balance-sheet churn on the bitcoin side. According to The Block, the company sold $544.5 million in MSTR shares during the period without making any new bitcoin purchases, funneling proceeds toward the USD reserve build. Separately, the company has initiated a $25 million share buyback, and other reporting notes a $25 million repurchase of STRC alongside the reserve increase.
The 2.1-year dividend coverage figure signals how the growing cash position is being framed internally — as a buffer supporting the company's dividend obligations rather than as dry powder earmarked for bitcoin accumulation. CryptoPotato describes the pattern as a deliberate rebuilding of the cash cushion, consistent with the company's continued pause on new bitcoin buys even as its existing 843,775 BTC position remains untouched.
Coverage of the filing has been corroborated across at least eight distinct sources, with figures ranging slightly between reports — some citing a $525 million increase and others a $550 million figure — though all agree the USD reserve now totals $3.75 billion. WuBlockchain also logged the update alongside the broader financing activity.
What remains unresolved is how long the pause on bitcoin purchases will extend and whether the cash-reserve buildup represents a temporary treasury strategy or a longer-term shift in capital allocation. The discrepancy between the $525 million and $550 million figures cited across outlets has not been reconciled, and no indication has been given as to when new bitcoin purchases might resume.