Strategy Raises $263.5M From Stock Sale, Makes No Bitcoin Purchases

Strategy raised $263.5 million in net proceeds through the sale of 2.73 million MSTR shares between July 13 and July 19, while refraining from adding to its Bitcoin holdings during the period. 

Consequently, the company’s Bitcoin holdings remained unchanged at 843,775 BTC. The position was built through purchases totaling $63.69 billion, resulting in an average acquisition cost of $75,476 per Bitcoin.

Meanwhile, Strategy’s U.S. dollar reserves increased to $3.225 billion, strengthening its cash position following the share sale.

Source: Strategy