Bitcoin treasury company Strategy made no bitcoin purchases or sales in the week to July 26, holding its stack at 843,775 BTC, according to an 8-K filing with the Securities and Exchange Commission on Monday.
The pause marks a fifth straight week without a bitcoin purchase, extending a shift toward share sales and reserve building since the firm's last buy of 520 BTC on June 22.
Strategy holds a total of 843,775 BTC — worth around $54 billion — bought at an average price of $75,476 per bitcoin for a total cost of around $63.69 billion, including fees and expenses, according to the filing. To put that in context, Strategy's holdings are equivalent to more than 4% of bitcoin's 21 million supply cap but carry billions of dollars in paper losses at current prices.
Strategy raised its USD reserve by $525 million, confirming a balance of $3.75 billion as of July 26, up from the $3.225 billion disclosed as of July 19. The reserve supports dividend payments on its preferred stock and interest on its debt.
The company said the USD reserve balance now covers about 2.1 years of dividend obligations.
Strategy also repurchased 288,930 shares of its STRC preferred stock for $25 million during the week under the digital credit securities repurchase program it launched in June.
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