Strategy MSTR stock sale raised $263.5 million last week. The company offloaded Class A common shares to fuel its USD reserve.
Michael Saylor announced the move on X. He confirmed the USD reserve increased by $225 million.
Why Strategy MSTR stock sale matters
Strategy sold 2,732,318 MSTR shares through its ATM program. The sale occurred between July 13 and July 19. Net proceeds reached approximately $263.5 million after commissions.
The company still has $23.53 billion in ATM issuance capacity. This follows last week’s $466.7 million stock sale. Investors feared dilution from the previous sale.
No preferred securities were issued or redeemed last week. The company also did not buy back any shares. The 8-K filing confirmed these details.
Strategy holds Bitcoin steady
Strategy did not buy any BTC during the week ending July 19. Current holdings remain at 843,775 BTC. The company acquired these coins for $63.69 billion. Average cost is $75,476 per BTC.
The USD reserve now stands at $3.225 billion. This covers dividend payments and interest on outstanding debt. The balance includes unsettled ATM proceeds.
The BTC sale angle
Strategy sold about $216 million in Bitcoin last week. This funded payments to STRC shareholders. It was the company’s second Bitcoin sale in history.
Speculation continues about the $1.25 billion BTC monetization program. Netizens expect further Bitcoin sales from Strategy. The company’s capital strategy remains a key focus.
