Strategy Sells $467 Million in MSTR Shares, Makes No Bitcoin Purchases as USD Reserve Hits $3 Billion

Strategy sells $467 million in MSTR shares, makes no bitcoin purchases as USD reserve hits $3 billion

Strategy news: MSTR made no changes to BTC holdings last week as it raised cash

The company raised the fresh cash via sales of common stock; its USD Reserve now stands at $3 billion.

No amount of cash can fix STRC’s trust problem

Michael Saylor spent Monday morning boasting about a bigger pile of cash to support dividends, yet the dividend-paying shares of STRC he intended to reassure barely budged. The problem seems to be confidence, not cash. Strategy (formerly MicroStrategy), the largest publicly-traded holder of BTC, diluted its common stockholders last week to increase its dollar stockpile by $450 million. Now holding $3 billion, MSTR shareholders paid for 17% more …

Strategy (MSTR) stock falls 3% after $467M raise: what happened to its BTC holdings?

Bitcoin treasury company Strategy (previously known as Microstrategy) fell 3% on Monday after raising approximately $466.7 million by selling common stock last week while leaving its bitcoin holdings unchanged. The company sold 4,818,781 MSTR shares between July 6 and July 12 and did not buy or sell any bitcoin during the period. The proceeds increased Strategy's US dollar reserve by $450 million to approximately $3 billion as of July 12. Strate…

Strategy Sells $466.7M in MSTR Shares, Holds 843,775 BTC

Why Did Strategy Sell Shares Instead of Buying Bitcoin? Strategy sold approximately $466.7 million worth of MSTR shares last week but did not buy or sell any bitcoin, marking another shift away from the company’s familiar pattern of using capital raises to expand its bitcoin holdings. The company said in a Monday filing with the Securities and Exchange Commission that it sold 4,818,781 MSTR shares between July 6 and July 12. Proceeds from the sa…