Strategy

Market data as of Jul 28, 2026, 11:21 AM · Source: Yahoo Finance (delayed). Not investment advice.

Overview

The world's first and largest corporate bitcoin treasury company, holding more bitcoin than any other publicly traded entity. Strategy held 843,775 BTC as of July 2026, acquired for roughly $61.81 billion at an average price of $75,537 per coin, and announced a Digital Credit Capital Framework on June 29, 2026 that treats bitcoin as a flexible capital resource rather than a static holding, centered on a $1.25 billion bitcoin monetization program and $2 billion in repurchase authorizations; the stock fell roughly 38% year-to-date amid a bitcoin bear market even as the company accounted for 97.5% of net new corporate bitcoin purchases as of January 2026.

Dependency Map

One hop in each direction — see Strategic Connections below for the full, sourced breakdown of every relationship.

Strategic Connections

Strategic Risks

• Extreme balance-sheet concentration in a single volatile asset creates outsized equity-price sensitivity to bitcoin price swings
• Stock down roughly 38% year-to-date despite continued bitcoin accumulation signals eroding market confidence in the pure-accumulation strategy

Future Outlook

• Digital Credit Capital Framework could mark a strategic pivot from passive accumulation toward active bitcoin-backed capital management
• Continued dominance of net new corporate bitcoin purchases likely to persist barring a strategic reversal

Sources

• U.S. Securities and Exchange Commission (EDGAR) (Feb 2026) — Strategy Inc FY2025 Annual Report (Form 10-K), filed with the SEC
• Strategy / CoinDesk (Jun 2026) — Strategy announces Digital Credit Capital Framework, holds 843,775 BTC
• CoinDesk (Jul 2026) — Strategy sells bitcoin and raises cash reserves to $3.2B