Strategy reports $1.2B increase in MSTR positions from top shareholders in Q2

The biggest names in asset management are doubling down on Michael Saylor’s Bitcoin bet. Twelve of Strategy’s top fifteen institutional shareholders added a combined $1.2 billion to their MSTR positions during Q2 2026, extending a trend that’s been building momentum all year.

That Q2 figure comes on the heels of an even larger Q1 inflow, when thirteen of the top fifteen holders poured $4.6 billion into the stock. Combined, the two quarters represent nearly $5.8 billion in fresh institutional conviction flowing into what is essentially a leveraged Bitcoin vehicle trading on the Nasdaq.

Who’s buying and how much they own

As of June 30, 2026, Capital International Investors held the largest institutional stake at 9.57% of outstanding shares. Vanguard affiliates collectively controlled 8.31%, while BlackRock maintained a 5.32% position.

The Bitcoin treasury keeps growing

Strategy, formerly known as MicroStrategy, held approximately 843,775 Bitcoin as of late July 2026. That represents an 11% increase quarter-over-quarter and a 25% jump year-to-date.

The company’s average cost basis sits at roughly $75,476 per Bitcoin.

To fund its relentless accumulation, Strategy has been busy on the capital markets side. The company raised more than $7.5 billion year-to-date through a variety of offerings, including equity issuances and its newer STRF and STRC digital credit instruments. At the same time, it reduced its convertible debt by 18% to $6.7 billion.

What the institutional surge actually means

The Q1-to-Q2 pattern is worth noting. The pace of accumulation slowed considerably, from $4.6 billion down to $1.2 billion across twelve holders in Q2.

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