Strategy Boosts US Cash Reserve to $3.2B After MSTR Sale
The company boosted its U.S. dollar reserve to $3.225 billion and kept its Bitcoin balance unchanged for a second straight week.
- Strategy raised $263.5 million selling MSTR shares between July 13 and July 19, maintaining its Bitcoin holdings unchanged at 843,775 BTC for a second consecutive week.
- These share sales lifted Strategy's U.S. dollar reserve to $3.225 billion as of July 19, providing liquidity to support preferred stock dividends and debt obligations without requiring additional Bitcoin sales.
- Strategy also raised STRC's annual dividend rate to 12% from 11.5% effective this month, though the company reported no share repurchases despite having previously authorized programs.
- Credit investor Khing Oei argued that investors may be placing too much weight on STRC's current yield, suggesting they examine expected future cash flows and Strategy's ability to fund distributions.
- Bitcoin ETFs contributed to market optimism by recording consecutive weeks of positive flows for the first time since May, while Bitcoin reclaimed its 200-week moving average above $65,000.
27 Articles
27 Articles
Strategy Raises $263.5 Million and Adds It All to Cash as Its Bitcoin Buying Pause Enters a Second Week
Michael Saylor’s Strategy sold 2,732,318 shares of its Class A common stock for $263.5 million last week and directed the proceeds to cash rather than bitcoin, according to a Monday filing with the Securities and Exchange Commission. The move lifted the company’s US dollar reserve to $3.225 billion as of July 19, up from $3 billion a week earlier. Strategy reported no bitcoin purchases for the second consecutive week, leaving its holdings unchan…
Strategy’s Bitcoin metrics go negative amid $3.2B cash - sells 7.5M shares but buys 0 BTC for 4 weeks
Michael Saylor-led Strategy sold another $263.5 million of common stock last week, but the company used the fundraising to expand its cash reserve rather than add to its Bitcoin holdings. According to a July 20 SEC filing, the Tysons Corner, Virginia-based company issued 2.73 million Class A shares between July 13 and July 19, while reporting no sales through any of its four preferred-stock offering programs. Strategy MSTR Stock Sales (Source: S…
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