Strategy Pauses Bitcoin Sales, Raises USD Reserve to $4.8 Billion

Michael Saylor’s Strategy has paused its Bitcoin sales after reducing its BTC holdings for two consecutive weeks. The Bitcoin treasury company instead continued repurchasing STRC shares last week, funding the buybacks through sales of its MSTR common stock while also boosting its cash reserves.

According to a recent SEC filing, Strategy sold nearly 3.46 million MSTR shares through its at-the-market (ATM) program, generating approximately $333.7 million. The company still has around 21.7 million MSTR shares available for issuance under the program.

Strategy allocated $132.2 million of the net proceeds toward STRC share buybacks, while another $52.4 million was used to fund STRC dividend payments. The remaining $149.1 million helped increase the company's USD reserve to approximately $4.8 billion.

MSTR stock remained positive following the disclosure, trading near $94 and gaining more than 1% as Bitcoin climbed above the key $63,000 level. STRC, meanwhile, traded around $95 in pre-market activity, down less than 1%. Despite the decline, STRC has gained more than 7% over the past month as it approaches its $100 par value.

The filing also confirmed that Strategy did not sell any Bitcoin last week, ending a two-week stretch of BTC sales. The company previously sold 1,690 BTC two weeks ago and another 1,638 BTC the week before as part of efforts to fund preferred stock repurchases.

Strategy currently holds 840,447 BTC acquired for approximately $63.36 billion, representing an average purchase price of $75,385 per Bitcoin.

CEO Phong Le recently indicated that Strategy intends to resume Bitcoin purchases during the remainder of the year. Despite its recent BTC sales, the company remains a significant net Bitcoin buyer in 2026. Strategy has sold 6,948 BTC this year while purchasing 167,947 BTC over the same period, reinforcing its long-term Bitcoin treasury strategy.