The largest corporate holders of cryptocurrencies — Michael Saylor's Strategy and Tom Lee's Bitmine — have slowed the buildup of their crypto reserves. Amid unrealized losses reaching billions of dollars, both companies have returned to traditional methods of supporting their financial stability.
Michael Saylor's Strategy did not buy a single bitcoin over the week but increased its dollar reserve. The company reported that from July 13 to 19, it sold 2.73 million shares of MSTR, raising $263.5 million, of which $225 million was kept in dollars.
In total, Strategy's dollar reserve reached $3.225 billion, while its crypto reserve remained unchanged at 843,775 BTC, purchased at an average price of $75,476 per coin for a total of $63.69 billion. At the current exchange rate of around $64,000, its coins are worth approximately $54.3 billion.
Last week, the company stated that its current cash reserve would be sufficient for about two years of payments on its STRC preferred shares. Earlier in 2026, Strategy had primarily raised funds for bitcoin purchases through the issuance of STRC preferred shares. But now STRC trades about 13% below its $100 par value, and the company cannot use them.