Strategy Inc.'s Adjusted Bitcoin Reserves Hit $52.5 Billion

Strategy Inc.'s Bitcoin reserves have been adjusted to $52.5 billion, after accounting for preferred stock obligations and convertible debt.

The company holds approximately 845,050 BTC valued at around $74 billion, which represents about 4.02% of Bitcoin's entire circulating supply.

However, after deducting the claims that sit above common equity in the capital structure, the net figure lands at $52.5 billion.

The revised metrics framework, introduced in July 2026, prioritizes net exposure for common shareholders and gives a clearer picture of what actually belongs to them after everyone else gets paid first.

Strategy's liquidity position is substantial, with a USD reserve of $5.1 billion alongside an additional cash pool of approximately $1.6 billion.