Strategy pauses its Bitcoin buying spree to hoard a massive $3 billion cash cushion

MarketsStrategy pauses its Bitcoin buying spree to hoard a massive $3 billion cash cushionStrategy now has more than 20 months of coverage for preferred-stock dividends and debt interest.By James Van Straten|Edited by Oliver KnightUpdated Jul 13, 2026, 3:54 p.m. Published Jul 13, 2026, 3:27 p.m. 2 min readMake preferred on ShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShowStrategy has not purchased any bitcoin since June 22. Since then, it has sold 3,588 BTC and increased its US dollar reserve to $3 billion. The reserve provides 20.4 months of coverage, giving Strategy greater flexibility to navigate a bitcoin bear market while continuing to meet its dividend and interest obligations.Strategy (MSTR) has not purchased any bitcoin since June 22, when it acquired just 520 BTC for approximately $35 million. Since then, the company has shifted its immediate focus from bitcoin accumulation to strengthening its liquidity position.During the week ending July 5, Strategy sold 3,588 BTC in two transactions. It sold 1,363 BTC for approximately $80.8 million on June 30, followed by another 2,225 BTC for $135.2 million. The sales generated roughly $216 million and reduced Strategy’s holdings to 843,775 BTC.The company said the proceeds would help fund distributions on its preferred stock and replenish the portion of its U.S. dollar reserve used to make those payments. The reserve stood at approximately $2.55 billion following the sales.On Monday, Strategy increased its U.S. dollar reserve to approximately $3 billion. Based on annualized preferred-stock dividends and debt interest of roughly $1.76 billion, the reserve now provides about 20.4 months of coverage.However, if bitcoin were to fall further and reach new lows, the $3 billion reserve may prove insufficient, potentially forcing Strategy to raise additional funds or sell more bitcoin, which could place further pressure on both STRC and MSTR.Strategy's approach has attract…

Strategy pauses its Bitcoin buying spree to hoard a massive $3 billion cash cushion

Coins in this story

Related stories

Franklin Crypto CIO says crypto prices are disconnected from fundamentals

New Hampshire Follows Bitcoin Reserve With 'Blockchain Basic Laws' Signing

Binance.US CEO says exchange is rebuilding, eyes return to 20% U.S. market share