Strategy Raises $263.5M via Stock Sale, Holds Bitcoin at 843,775 BTC

Strategy, the world's largest corporate Bitcoin holder, raised approximately $263.5 million through an at-the-market (ATM) sale of 2,732,318 Class A common shares (MSTR) during July 13-19, according to an 8-K filing submitted to the U.S. Securities and Exchange Commission (SEC) on July 20. The company did not purchase any additional Bitcoin during this period, maintaining its total holdings at 843,775 BTC as of July 19. Strategy has now refrained from Bitcoin purchases for two consecutive weeks, having also reported zero acquisitions during July 6-12 in a previous disclosure.

Strategy Reports $263.5M Stock Sale in SEC Filing

Strategy disclosed in its 8-K filing that it sold 2,732,318 shares of Class A common stock through its ATM offering program between July 13 and July 19. The sale generated net proceeds of approximately $263.5 million. The filing was submitted to the SEC on July 20 (local time).

Bitcoin Holdings Remain at 843,775 BTC

According to the filing, Strategy did not acquire any new Bitcoin between July 13 and July 19. As of July 19, the company's total Bitcoin holdings stood at 843,775 BTC. The cumulative purchase amount for these holdings is $63.69 billion, with an average purchase price of $75,476 per Bitcoin. This marks the second consecutive week without Bitcoin purchases, following the company's previous disclosure stating no acquisitions occurred during July 6-12.

Company Maintains $3.225B USD Reserves

Strategy also disclosed its dollar reserves as of July 19, which totaled $3.225 billion. These reserves are designated for preferred stock dividends and existing debt interest payments. The reserve figure includes proceeds from ATM stock sales that have not yet settled. The company reported no share buyback activity during the July 13-19 period under its stock repurchase program.

FAQ

How much did Strategy raise through stock sales during July 13-19? Strategy raised approximately $263.5 million by selling 2,732,318 shares of Class A common stock (MSTR) through an at-the-market offering during July 13-19, according to its 8-K filing submitted to the SEC on July 20.

What is Strategy's current Bitcoin holdings as of July 19? As of July 19, Strategy holds 843,775 BTC with a cumulative purchase cost of $63.69 billion and an average purchase price of $75,476 per Bitcoin. The company did not acquire any additional Bitcoin during July 13-19.

Why did Strategy not purchase Bitcoin during this period? The source filing does not provide an explicit reason for Strategy's decision to refrain from Bitcoin purchases during July 13-19. The company maintained its existing holdings at 843,775 BTC.