Strategy boosts USD reserve to $4 billion through Bitcoin, MSTR sales

Strategy also sold approximately 3.01 million MSTR shares, generating $290.6 million in net proceeds.

The company allocated $250 million in net proceeds to its USD reserves. It also used $28.9 million of the proceeds to fund STRC repurchases and added $11.7 million to its cash balance.

Strategy's USD Reserve stood at approximately $4 billion. The reserve is designed to support dividend payments on preferred stock and interest obligations on the company's outstanding debt.

The company noted that it had approximately $893.8 million remaining under its preferred stock repurchase program and $1 billion available under its MSTR common stock repurchase program.

The latest transactions came shortly after Strategy reported an $8.33 billion operating loss for the second quarter of 2026, largely due to an $8.32 billion unrealized loss on its Bitcoin holdings as the top crypto declined during the period.

The company also reported an $8.22 billion net loss and held 843,775 BTC as of July 26. Despite the quarterly loss, Strategy noted that it achieved a 4.5% BTC Yield year to date and a BTC Gain of 29,997 BTC.

The company has continued using its capital markets programs to support its Bitcoin strategy while maintaining liquidity for preferred dividends and debt obligations.

Strategy's founder and chairman Michael Saylor has come under criticism following the company's recent BTC sales. Saylor had championed the hold on for dear life (HODL) narrative since the company pivoted to a BTC treasury company. However, he has come out to defend his position.