Strategy sells $467M in MSTR shares, leaves 843,775 BTC stack untouched
Strategy sold 4.8 million Class A shares through its at-the-market program between July 6 and July 12, raising $466.7 million, while keeping its Bitcoin treasury unchanged. It held 843,775 BTC at an average cost of $75,476 per BTC. The company increased its U.S. dollar reserve to $3 billion from $2.55 billion a week earlier, with the cash meant to cover preferred-stock dividends and debt interest. Strategy still has $23.8 billion of remaining capacity under its MSTR ATM offering, including a new $21 billion authorization announced in March. The company recently sold 3,588 BTC for about $216 million to rebuild its cash buffer and fund preferred dividends, after previously relying on large MSTR share sales. The reserve buildup comes as Strategy prepares to move STRC preferred dividends to a twice-monthly schedule.
