Strategy Pauses Bitcoin Buying, Raises $466.7 Million Through Share Sales

Strategy (MSTR) sold 4,818,781 Class A shares between July 6 and July 12, 2026, raising $466.7 million in net proceeds through its at-the-market (ATM) program, according to a company filing released on July 13. During the same period, the company reported no bitcoin purchases, marking the first reporting period without a disclosed acquisition after a prolonged stretch of regular buying.

Key balance sheet snapshot (as of July 12, 2026):

1. Total bitcoin holdings: 843,775 BTC
2. Aggregate cost basis: $63.69 billion
3. Average purchase price: $75,476 per BTC, including fees
4. Cash reserved for dividends and debt servicing: $3.0 billion

Remaining ATM issuance capacity:

1. MSTR common stock: $23.79 billion
2. STRC preferred: $17.51 billion
3. STRD preferred: $4.01 billion
4. STRF preferred: $1.62 billion
5. STRK preferred: $2.10 billion

The filing also stated that no STRK, STRF, or STRD preferred shares were issued during the reporting period, and the company did not repurchase any shares.

Strategy did not explain why it paused bitcoin purchases during the reporting period. The remaining issuance capacity indicates that the company retains flexibility to raise additional capital through its authorized ATM programs. Market participants may continue to monitor future filings for updates on the company's capital allocation strategy.

MSTR closed at $92.10, down 2.68% for the day, before rising 0.58% to $92.63 in after-hours trading.

Source: Strategy company filing dated July 13, 2026.