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Strategy sells $467M in MSTR shares, leaves 843,775 BTC stack untouched

The Cointelegraph β€‹

Cryptocoins News / The Cointelegraph β€‹ 26 Views

Strategy sells $467M in MSTR shares, leaves 843,775 BTC stack untouched

Strategy boosted its US dollar reserve to $3 billion after selling $466.7 million in MSTR shares, while keeping its 843,775 Bitcoin holdings unchanged.

Strategy, the largest corporate holder of Bitcoin, raised fresh capital by selling MSTR shares through its at-the-market (ATM) offering last week while leaving its BTC treasury unchanged.

Strategy sold 4.8 million shares of its Class A common stock for $466.7 million between July 6 and July 12, 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.&

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