EL7.AI
CryptoUpdated•Originally published 14 July 2026•Updated 14 July 2026•
1 min read

MicroStrategy Exits Top 300 US Firms Despite $53B Bitcoin Portfolio

Key Facts

1MicroStrategy raised $467 million from stock sales to increase its cash reserves to $3 billion.
2The company skipped purchasing Bitcoin for a third consecutive week as its current holdings remain billions underwater.

In a significant shift for the company's market standing, MicroStrategy has dropped 77 places, exiting the list of the top 300 largest US companies by market capitalization. According to reports, this decline in ranking occurs even as the firm's total Bitcoin portfolio value has reached approximately $53 billion. This divergence highlights the ongoing struggle to align corporate valuation with the volatile performance of its massive digital asset treasury.

The drop comes as the firm continues to bolster its balance sheet, having raised $467 million through equity sales to bring cash reserves to $3 billion. In the broader sector, market data shows mixed performance among peers like Marathon Digital, which has focused on production growth, while MicroStrategy remains uniquely levered to Bitcoin prices that have now surged well above the firm's aggregate cost basis per market data.

In equity markets, MicroStrategy shares (0A7O.L) closed at $99.62 on July 10, 2026, according to market data. Investors are now shifting focus to the upcoming release of the FOMC Minutes, a key catalyst that could dictate whether crypto-adjacent stocks can regain their lost momentum and improve their standing within major US market indices.