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Strategy trims $466.7M via MSTR share sale, keeps BTC holdings steady

Strategy said it sold 4.8 million Class A shares for $466.7 million between July 6 and July 12, lifting its US dollar reserve to $3.0 billion to fund preferred stock dividends and debt interest.

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Cointelegraph reports that Strategy, the largest corporate holder of Bitcoin, sold $466.7 million worth of MSTR shares through its at-the-market offering in the week ending July 12, according to a US SEC 8-K filing.

The filing says Strategy sold 4.8 million shares of its Class A common stock between July 6 and July 12, while leaving its Bitcoin treasury unchanged at 843,775 BTC at an average purchase price of $75,476 per BTC.

Strategy also increased its US dollar reserve to $3.0 billion as of July 12, up from $2.55 billion a week earlier. The company said the reserve is intended to fund preferred stock dividend payments and interest payments on its outstanding debt.

Cointelegraph notes that Strategy has $23.8 billion of remaining capacity under its MSTR ATM offering, including capacity from a new $21 billion offering it announced on March 23, and said it may begin selling shares under the additional capacity once the existing offering is substantially depleted.

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