Strategy Sells $466M MSTR Shares, Pauses Bitcoin Purchases While Building $3B Cash Reserve

According to The Block, Strategy, the largest institutional Bitcoin investor, sold $466 million worth of MSTR shares last week and paused additional Bitcoin purchases. The company maintained its Bitcoin holdings at 843,775 BTC while increasing its USD reserves by $450 million to a total of $3.0 billion.

Wall Street figures support the move, with Grayscale noting that a stronger cash position reduces the likelihood of forced Bitcoin sales and helps establish a stable price floor. TD Cowen analyst Lance Bitanza stated that Strategy is executing its previously announced capital allocation strategy, prioritizing balance sheet strength over BTC expansion, and reiterated a "Buy" recommendation on the company.