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Strategy Bitcoin treasury stressUpdate 13 of 22

Strategy Publishes Bitcoin Floor Return Metric and $54.88 Billion Holdings Dashboard

Unverified — auto-generated summary, not yet reviewedBitcoinJul 25, 2026

Strategy is unwinding its 'never sell' Bitcoin posture, navigating STRC preferred-stock distress, mounting unrealized losses, and a shifting capital framework while markets reassess its leveraged BTC-treasury model.

Strategy published the minimum Bitcoin annual return threshold below which the company may need to restructure, providing a quantified leverage risk floor for institutional observers. The company simultaneously unveiled a $54.88 billion Bitcoin holdings transparency dashboard and overhauled its reporting metrics to include a 'Net Bitcoin Per Share' figure. MicroStrategy separately disclosed that Bitcoin needs only approximately 3.3% annual appreciation to fund dividends indefinitely, per its own calculation.

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