Strategy, the world’s largest corporate Bitcoin treasury, has grown its dollar reserves 13% over the past three months to $2.55 billion.
CEO Phong Le posted the update on X July 8, covering the period from April 6 to July 6. The company held roughly $2.55 billion in cash as of the end of that window.
To build that war chest, Strategy did something it had avoided since 2022: sell Bitcoin. Earlier this month, the company offloaded about 3,600 BTC to raise funds for dividend payments and other corporate needs. That came after a smaller June sale of 32 Bitcoin – the first cracks in a nearly four-year freeze on reducing its BTC stack.
Even with those sales, Strategy’s Bitcoin holdings have grown. The company held 843,775 BTC as of July 6, up 10% from three months earlier. The net increase suggests that ongoing share or debt issuance – and now selective BTC sales – are part of a more flexible capital management approach.
The twin moves – raising cash while adding more Bitcoin – send a clear indicator: Strategy is not abandoning its core Bitcoin bet. But it is no longer treating its BTC holdings as strictly untouchable. Selling into strength to cover dividend obligations is a pragmatic shift, especially as the company’s market cap and Bitcoin stash have ballooned alongside BTC’s price.
Traders will watch for two things: the pace of future BTC sales and whether this quarter’s cash build is a one-off or a new rhythm. The company has not announced any change to its long-term Bitcoin accumulation strategy. For now, Le’s numbers show a firm that is both adding to its core asset and balancing short-term liquidity needs.
The next quarterly filing, expected in early August, will give a fuller picture of how Strategy funded its cash growth – and whether the Bitcoin sales continue.
Corporate Bitcoin Treasury Raised Cash 13% by Selling Some BTC for Dividends
Strategy, the largest company holding Bitcoin, sold around 3,600 BTC to raise cash for dividends, increasing its dollar reserves to $2.55 billion. This affects investors by showing the company is managing its Bitcoin holdings more flexibly while continuing to build its overall Bitcoin assets.