Strategy Raises $263.5M Through Stock Sales, Bitcoin Holdings Stable

Strategy raised an additional $263.5 million by selling Class A common shares, while maintaining its Bitcoin holdings at 843,775 BTC for the second consecutive week. The capital increase raised the company's U.S. dollar reserve to $3.225 billion as of July 19.

Recent Transactions and Financial Position

Between July 13 and July 19, Strategy sold 2,732,318 MSTR shares through its at-the-market (ATM) program, according to its July 20 filing with the U.S. Securities and Exchange Commission. No sales were reported under the company's preferred stock programs (STRC, STRF, STRK, STRD) during this period.

The company made no Bitcoin purchases or sales last week, holding steady at 843,775 BTC. These coins were acquired at an average cost of approximately $75,476 each, totaling around $63.69 billion including fees.

Strategy’s cash reserve rose following these share sales, supported by expected ATM proceeds still pending settlement. The reserve backs dividend payments for preferred stock and interest on outstanding debt. After the recent transactions, about $23.53 billion remains available for issuance under the MSTR ATM program. The company did not repurchase any shares during the week, despite having prior authorizations for buybacks of common and preferred securities.

Capital Raising Trends and Bitcoin Holdings

This $263.5 million capital raise follows a larger $466.7 million stock sale from July 6 to July 12, when Strategy sold 4.82 million MSTR shares. Over that prior week, Bitcoin holdings also remained unchanged and the dollar reserve reached $3 billion. Combined, these two weeks reflect a $675 million increase in cash reserves since early July.

Strategy’s Bitcoin balance, steady at 843,775 BTC, was last altered between June 29 and July 5, when the company sold 3,588 BTC for approximately $216 million. Those proceeds were earmarked to support payments related to its Digital Credit securities program. This followed the company's rollout of a broader Digital Credit Capital Framework, which authorizes Bitcoin sales up to $1.25 billion under specific conditions aimed at strengthening its U.S. dollar reserves.

All figures sourced from filings and company disclosures as of July 20.

Material is for informational purposes only and not financial advice.