Strategy Pauses Bitcoin Buying for Third Week

Strategy has gone three weeks without buying Bitcoin as the company gives cash reserves and dividend funding greater priority. The Bitcoin treasury firm still holds 843,775 BTC, worth about $52.5 billion at current prices.

Good to Know

• Strategy added about $450 million to its dollar reserve last week.
• The company holds roughly $3 billion in cash.
• Recent Bitcoin sales raised about $218 million during 2026.

Strategy Turns Bitcoin Into a Funding Source

The buying pause matters less than the new role Bitcoin now plays inside the Strategy balance sheet. BTC no longer serves only as an asset to accumulate. The company can also sell part of its holdings to fund preferred share dividends and strengthen liquidity.

Strategy sold 3,588 BTC for about $216 million between June 29 and July 5. The transaction reduced total holdings to 843,775 BTC and lifted the dollar reserve to $2.55 billion before the latest capital raise.

Michael Saylor said Monday that Strategy bought no Bitcoin during the latest week. Instead, common stock sales added roughly $450 million to cash, taking the reserve close to $3 billion.

The company introduced its BTC monetization program as falling Bitcoin prices placed more strain on its preferred share structure. Strategy can sell up to $1.25 billion in Bitcoin under the program to help cover dividends, interest and possible share repurchases.

Strategy had already tested the policy in May by selling 32 BTC for about $2.47 million. That was its first Bitcoin sale since MacroStrategy sold 704 BTC for around $11.8 million in 2022.

The sales contrast with the long running “never sell” message associated with Saylor. However, he had already discussed a limited disposal during a first quarter earnings call, saying the company would “probably sell some Bitcoin to fund a dividend just to inoculate the market – just to send the message that we did it.”

Strategy remains the largest public corporate Bitcoin holder by a wide margin. The company holds close to 4% of the maximum 21 million BTC supply, despite the recent sales.