Strategy pockets $466.7M from MSTR sale, still sitting on 843,775 Bitcoin like it's fine 🍿

Strategy, the largest corporate holder of Bitcoin, raised $466.7 million by selling 4.8 million shares of its Class A common stock between July 6 and July 12 through its at-the-market (ATM) offering, 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. The shares were sold at an average price of roughly $97 apiece. Ahead of Monday's Nasdaq open, MSTR was trading down roughly 3% at $91.80, according to Yahoo Finance, while Bitcoin was trading at about $62,580, down more than 2% over the prior 24 hours.

The company's US dollar reserve climbed to $3 billion as of July 12, up from $2.55 billion one week earlier. The reserve is earmarked for dividend payments on Strategy's preferred stock and interest payments on its outstanding debt, and includes expected proceeds from the recent MSTR share sales that had not yet settled as of the reporting date. Strategy said it has $23.8 billion of remaining capacity under its MSTR ATM offering, including capacity from a new $21 billion offering announced on March 23, and may begin selling shares under the additional authorization once the existing facility is substantially depleted.

Separately, Strategy last week disclosed it had sold 3,588 BTC for approximately $216 million to replenish its dollar reserve and fund preferred stock dividend payments. The transactions included the sale of 1,363 BTC at an average price of $59,256 between June 29 and June 30, followed by another 2,225 BTC at an average price of $60,773 between July 1 and July 5. In the same June 29 8-K filing, the company also reported no Bitcoin purchases while disclosing the sale of 12.7 million MSTR shares through its ATM offering, generating $1.15 billion in net proceeds.

Strategy is also preparing for its first semi-monthly dividend payment to STRC preferred stockholders on Wednesday. Under a schedule announced on June 8, STRC will use record dates on the 15th and the last day of each month, with payments made on the following record date. The first semi-monthly record date was June 30, 2026, with the first payment date scheduled for July 15.