Strategy Inc. raises cash to $3.75B, starts STRC buyback

Strategy Inc., the business intelligence firm that holds the largest corporate Bitcoin treasury, has significantly expanded its cash reserves while pausing its cryptocurrency acquisitions for a fifth consecutive week. The company increased its U.S. dollar reserve by $525 million to a record $3.75 billion, according to a regulatory filing made public on Monday, July 27, 2026.

The capital infusion came entirely from the sale of common stock. Between July 20 and July 26, Strategy sold 5,429,160 shares of its MSTR stock through an at-the-market offering program, generating $544.5 million in net proceeds. The company did not purchase or sell any Bitcoin during this period, leaving its holdings unchanged at 843,775 BTC. Those holdings were acquired at an aggregate cost of approximately $63.69 billion.

Concurrently, Strategy executed its first buyback under a recently authorized repurchase program for its preferred stock. The company repurchased 288,930 shares of its STRC preferred stock for approximately $25 million. This transaction utilized a portion of the company's $1 billion Digital Credit Securities Repurchase Program, leaving $975 million available for future preferred stock...