Topline
Cryptocurrency billionaire Michael Saylor’s Strategy raised $104.7 million by selling 1,638 bitcoin last week, according to disclosures in a Securities and Exchange Commission filing on Monday, boosting the firm’s cash reserves as the price for its primary cryptocurrency asset remains low.
Key Facts
Strategy sold the bitcoin at an average price of $63,957, according to the SEC filing on Monday—days after the company said it was discussing plans to sell around $5 billion worth of the cryptocurrency to build cash reserves and fund stock repurchases.
The company also disclosed $290.6 million in proceeds from selling about 3 million shares of its common stock.
The bitcoin treasury company still holds 842,138 bitcoin, which it says it purchased at an average price of $75,419—while the digital asset is priced just under $63,000 as of Monday morning.
Strategy now says it holds $4 billion in reserves, up from $3.2 billion last month, Saylor previously announced.
The company’s stock was up very slightly on Monday morning, trading at $93.94 per share—although the company’s share price remains down over 40% in 2026 so far as the price for its primary asset declines.
Forbes Valuation
We estimate Michael Saylor’s net worth at $3.2 billion, a fortune primarily derived from MicoStrategy, the software company he founded in the 1990s. Saylor lost his status as a billionaire after the dot-com bubble burst, but rebuilt his wealth through investments in bitcoin over the last decade. He also reoriented his company into becoming a bitcoin treasury, officially renaming it “Strategy” and launching a rebrand that features the digital currency in 2025.
CONTRA
Strategy in June disclosed a $101.3 million bitcoin purchase, at an average price of $65,332.
Big Number
$126,080. That’s the all-time high price for bitcoin, which the digital asset reached last October. The cryptocurrency’s price has plummeted in the months since.