Strategy (NASDAQ:MSTR) posted an update yesterday on share sales and Bitcoin activity. In an 8-K filed with the Securities and Exchange Commission (SEC), Strategy shared that 4.8 million Class A common shares were sold between July 6 and July 12, 2026. The sales netted $466.7 million. The company’s move had been previously revealed.
The filing indicated that the company did not purchase any shares during the same period, nor did it purchase any Bitcoins.
As of July 12, 2026, Strategy’s US dollar reserve balance stood at $3.0 billion. The reserves are to support the payment of dividends on preferred stock and interest on its the company’s indebtedness. A post on X stated that the company had 20.4 months of dividend coverage.
Strategy currently holds 843,775 Bitcoins at an aggregate purchase price of $63 billion or an average purchase price of $75,476.
Today, Bitcoin is trading around $64,740.
While the price of BTC purchased by Strategy, the shortfall does not currently impede the company’s Bitcoin acquisition strategy.
Michael Saylor, founder of Strategy, shared the company’s new Bitcoin Banking Adoption Index, which aims to highlight growing institutional holdings of BTC. Phong Le, CEO of the company, stated:
“Introducing the Bitcoin Bank Adoption Index. Adoption of Bitcoin and the related digital asset ecosystem across major banks and financial institutions is accelerating, but still early at 32%.”
Obviously, Strategy’s future is tied to the increasing (or declining) value of Bitcoin. Saylor has long been a Bitcoin bull, predicting the world’s most popular crypto will rise dramatically in value in the coming years. Meanwhile, Bitcoin is trading dramatically higher than its all-time high of over $124,000. Common shares of Strategy are trading around $97.85 today, down from a 52-week high of $457.
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