Strategy Inc. is sitting on 843,775 Bitcoin.

The company formerly known as MicroStrategy will release its Q2 2026 financial results today, July 30, after market hours, followed by a live earnings call at 5:00 p.m. ET. As of July 6, the firm’s Bitcoin stash represents roughly 4.02% of the total Bitcoin supply.

But here’s the thing. Strategy hasn’t been buying lately. And it actually sold some coins.

The numbers behind the narrative

At the end of Q1 2026, recorded as of May 3, Strategy held 818,334 BTC. The current figure of 843,775 BTC reflects a net increase of roughly 25,441 coins quarter-over-quarter.

The company’s average acquisition cost sits between $75,482 and $75,537 per Bitcoin.

Year-to-date BTC yield was reported at 9.4% in Q1 2026. That metric, which Strategy uses to measure the growth in Bitcoin per diluted share, has become the company’s preferred scoreboard for telling shareholders the treasury strategy is working.

Executive chairman Michael Saylor confirmed the July 6 holdings figure himself, along with $2.55 billion in USD reserves.

But the quarter wasn’t pure accumulation. The company sold 3,588 BTC in early July, trimming from a previous high.

The purchasing pause

Strategy has not made new Bitcoin purchases in recent weeks. The company has $2.55 billion in cash and a position representing 4.02% of total Bitcoin supply. At that scale, every purchase moves the market against you.

Why this matters beyond one earnings call

Strategy’s influence on the Bitcoin market extends well beyond its quarterly filings. Controlling 4.02% of total supply gives the company an outsized role in price discovery and market psychology.

The company essentially pioneered the corporate Bitcoin treasury model since 2020, when it began converting corporate resources into digital assets.

Investors should watch for three things on the call: updated BTC yield targets for the full year, any forward guidance on acquisition plans, and how Saylor frames the July sale.