Strategy Inc. (Nasdaq: MSTR) Executive Chairman Michael Saylor posted a chart on July 19 showing the company's 843,775 BTC holdings without disclosing a new transaction. The post arrived after Strategy raised $466.7 million through common-stock sales during the week ended July 12 and increased its cash reserve to $3 billion. The company has not purchased bitcoin since June 22, while recent bitcoin sales and expanded cash reserves have provided 20.4 months of coverage against $1.763 billion in annual preferred-stock dividend obligations.
Saylor Posts Bitcoin Holdings Chart on July 19
Michael Saylor's "What's next?" post on July 19 showed Strategy's acquisition history and current holdings of 843,775 BTC, equal to approximately 4.02% of bitcoin's fixed supply. At the market price of $64,312, the position was valued at approximately $54.28 billion. The aggregate purchase cost was approximately $63.83 billion, with an average acquisition price of $75,653. The post did not indicate a new transaction, funding source, or additional purchase.
Strategy's dashboard showed a quarterly BTC yield of negative 1.6%, a quarterly BTC loss of 13,200, and a dollar-denominated BTC loss of $849 million. Year-to-date figures showed a 6.6% BTC yield, a gain of 44,000 BTC, and a dollar-denominated BTC gain of $2.84 billion.
As of July 18, 197 public companies held approximately 1.263 million BTC, with Strategy accounting for approximately 66.8% of that total.
Strategy Raises $466.7 Million During Week Ended July 12
No bitcoin acquisition was reported between July 6 and July 12, leaving Strategy's BTC holdings unchanged at 843,775 BTC. During the week ended July 12, the company sold 4,818,781 shares of MSTR common stock and generated $466.7 million in net proceeds.
Part of those proceeds increased the U.S. dollar reserve by $450 million, bringing the balance to $3 billion as of July 12. The reserve included proceeds from stock sales that had not settled by the reporting date. The $3 billion reserve provides 20.4 months of coverage against $1.763 billion in annual preferred-stock dividend obligations, according to company figures. The reserve is also intended to support interest payments on outstanding debt.
Company Sells 3,588 BTC on July 5 and 32 BTC Between May 26-31
On July 6, Strategy disclosed that it had sold 3,588 BTC for approximately $216 million on July 5, reducing its bitcoin holdings to 843,775 BTC. Saylor said the funds covered quarterly and monthly dividend payments. The company held $2.55 billion in cash after the transaction before increasing the reserve to $3 billion the following week.
Between May 26 and May 31, the company sold 32 BTC for approximately $2.5 million at an average price of $77,135. Strategy said the proceeds would help fund preferred-stock dividends, while common-stock sales during the same period raised another $128.3 million. It was the company's first disclosed bitcoin sale since a tax-related disposal in December 2022.
Bitfinex analysts said Strategy's authorization to sell as much as $1.25 billion in bitcoin gives the company a defined mechanism for managing liquidity. The framework gives the bitcoin holdings a role in the company's treasury operations beyond long-term accumulation.
FAQ
What did Michael Saylor post on July 19?
Michael Saylor posted a chart on July 19 showing Strategy's 843,775 BTC holdings and acquisition history. The post did not disclose a new transaction, funding source, or additional purchase.
How much cash did Strategy raise during the week ended July 12?
Strategy sold 4,818,781 shares of MSTR common stock during the week ended July 12 and generated $466.7 million in net proceeds. Part of those proceeds increased the company's U.S. dollar reserve by $450 million to $3 billion as of July 12.
When did Strategy last purchase bitcoin?
Strategy has not purchased bitcoin since June 22. No bitcoin acquisition was reported between July 6 and July 12, leaving the company's holdings unchanged at 843,775 BTC.
