Strategy sold 1,638 Bitcoin for $104.7 million, its second-largest sale this year, using proceeds for STRC preferred stock dividends and repurchases. The company also raised $290.6 million via MSTR share sales, increasing its USD reserve to $4 billion and repurchasing more STRC.
Strategy added $225 million to its USD Reserve by selling 2.7 million MSTR common shares between July 13-19, totaling $263.5 million, without touching its 843,775 BTC holdings. This move aims to cover debt and dividends, drawing criticism for diluting common shareholders.
Michael Saylor's Strategy acquired 520 Bitcoin for $34.9 million and added $300 million to its US dollar reserve. This comes as its perpetual preferred stock (STRC) fell below $90, with the company funding these moves through its ATM equity program.
Strategy increased its USD Reserve to $1.1 billion and total Bitcoin holdings to 846,842 BTC. Executive Chairman Michael Saylor introduced a new risk metric, CEPE BPS. Despite Bitcoin's rise, the firm's overall stockpile remains underwater.
