Strategy · Bitcoin · Cointelegraph
Strategy sells $467 million in MSTR shares, exits 843,775 BTC stack untouched
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Strategy boosted its US dollar reserve to $3 billion after selling $466.7 million in MSTR shares, while keeping its 843,775 Bitcoin holdings unchanged.
Key facts
- Strategy boosted its US dollar reserve to $3 billion after selling $466.7 million in MSTR shares, while keeping its 843,775 Bitcoin holdings unchanged
- Strategy increased its US dollar reserve to $3 billion as of July 12, up from $2.55 billion a week earlier
- Strategy has $23.8 billion of remaining capacity under its MSTR ATM offering, including capacity from a new $21 billion offering the company announced on March 23
- The transactions included the sale of 1,363 BTC at an average price of $59,256 between June 29 and June 30, followed by another 2,225 BTC at an average price of $60,773 between July 1 and July 5
Summary
Strategy, the largest corporate holder of Bitcoin, raised fresh capital by selling MSTR shares through its at-the-market (ATM) offering last week while leaving its BTC treasury unchanged. Strategy sold 4.8 million shares of its Class A common stock for $466.7 million between July 6 and July 12, according to a Monday 8-K filing with the US Securities and Exchange Commission. The company did not buy or sell any Bitcoin during the period and reported holdings of 843,775 BTC at an average purchase price of $75,476 per BTC. The update comes as investors continue to watch how Strategy balances equity issuance, Bitcoin accumulation and its growing preferred stock offerings as it expands its BTC-focused corporate strategy.