MicroStrategy expanded its U.S. dollar cash reserves to $3.75 billion as of July 28th. The company sold nearly 5.43 million shares to generate $544.5 million in net proceeds. Management paused Bitcoin acquisitions for five consecutive weeks. The firm currently maintains holdings of 843,775 BTC.
Benchmark Equity Research reiterated a Buy rating for MSTR on July 28, 2026. The analyst established a $570 price target for the stock. This target implies a potential upside of over 470% from the July 27th closing price. Benchmark describes the liquidity buildup as disciplined capital allocation that improves flexibility for future Bitcoin purchases.