Strategy sells $467M in MSTR shares, leaves 843,775 BTC stack untouched
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, 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.