Strategy · Bitcoin · Michael Saylor · Bitcoin Magazine
Strategy neither bought nor sold bitcoin over the week
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At current prices near $63,000, that stack is worth about $53 billion, which leaves the firm with roughly $10.7 billion in paper losses.
Key facts
- Strategy (MSTR) raised $467 million through stock sales to boost its cash reserve to $3 billion while leaving its 843,775 BTC holdings unchanged for a second straight week
- At current prices near $63,000, that stack is worth about $53 billion, which leaves the firm with roughly $10.7 billion in paper losses
- The clearest break came on July 5, when Strategy sold 3,588 BTC for $216 million, the largest bitcoin sale in its history
- Between July 6 and July 12, the Michael Saylor–led firm sold 4,818,781 Class A common shares through its at-the-market equity program
Summary
Strategy (MSTR) raised $467 million through stock sales to boost its cash reserve to $3 billion while leaving its 843,775 BTC holdings unchanged for a second straight week. Strategy (MSTR) sold about $466.7 million worth of its stock last week and put the proceeds toward cash rather than bitcoin, according to an 8-K filing with the Securities and Exchange Commission on Monday. Between July 6 and July 12, the Michael Saylor–led firm sold 4,818,781 Class A common shares through its at-the-market equity program. The company said the fresh cash pushed its dollar reserve up by some $450 million, and that it holds the reserve to cover dividend payments on its preferred stock and interest payments on its outstanding debt.