No Bitcoin Sold at Strategy Last Week — Here Is How It Raised $450 Million Instead

Strategy disclosed its latest financial move on Monday — and this time it had nothing to do with Bitcoin (BTC). The company formerly known as MicroStrategy disclosed that it left its entire BTC position untouched, raising $450 million instead by selling common stock and increasing its total cash reserve to $3 billion.

A regulatory filing confirmed that Strategy neither bought nor sold any Bitcoin during the seven days ending July 12. Its holdings remain at 843,775 BTC — unchanged from the prior week.

Strategy’s New Financing Playbook 

Instead of touching that position, the firm turned to equity markets to replenish liquidity, underlining that common stock remains the primary funding mechanism even as the company has broadened its capital-raising options in recent months.

Strategy recently changed the financing model behind its Bitcoin strategy, giving management more flexibility to sell Bitcoin, repurchase securities, and manage liquidity as needed. 

Strategy has increased its USD Reserve by $450 million. As of 7/12/2026, we hodl ₿843,775 in our BTC Reserves and $3.0 billion in our USD Reserves. $MSTR $STRC https://t.co/OdFbjLuCTP

— Michael Saylor (@saylor) July 13, 2026

That framework includes a board authorization for up to $1.25 billion in potential Bitcoin sales, with proceeds strictly designated to cover annual dividend and interest obligations. 

The company last used that mechanism at the start of July, when it sold $216 million worth of Bitcoin, which raised questions about whether Strategy’s role as one of Bitcoin’s most consistent buyers was changing.

Preferred shares — specifically the company’s “Stretch” stock, which had become a key funding vehicle for Bitcoin acquisitions — continue to trade below levels that make new issuance attractive, limiting one of the principal channels Strategy had counted on. Common stock issuance has stepped in to fill that gap.

Bitcoin Is Down On Monday 

Bitcoin itself is under pressure Monday, slipping to around $62,300 — down roughly 2.8% over the past 24 hours after opening the week at $63,745. The decline was driven by a $73.15 million leverage flush, with long liquidations of $62.63 million dwarfing short liquidations of $10.5 million,

The drop came against a risk-off backdrop driven by escalating US-Iran tensions following American strikes near the Strait of Hormuz, which pushed oil prices higher and revived fears of stickier inflation ahead of Tuesday’s June CPI report. 

As CryptoDepth reported Sunday, Bitcoin’s near-term trajectory hinges on whether it can hold the $64,700 level — a break above opens the path toward $66,400 and $68,000, while failure risks a pullback toward $61,500.

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