Strategy sold about $263.5 million of MSTR shares last week and did not buy bitcoin, according to 8-K recording and the Securities and Exchange Commission on Monday.
The bitcoin treasury company reported the sale of 2,732,318 MSTR shares between July 13 and July 19. The proceeds advanced $225 million to boost the solid US dollar reserve, which reached $3.225 billion as of July 19. Strategy bought no bitcoin, sold no bitcoin software, and did not redeem its shares on time.
The company’s bitcoin total is 843,775 BTC, a position worth around $54.7 billion at current prices. The method raised the amount of about $63.7 billion, including fees and expenses, at a price of $75,476 per bitcoin, according to co-founder and chief executive Michael Saylor.
That figure represents about 4% of bitcoin’s 21 million cap. At current prices, the site carries about $9 billion in paper losses.
Dollar reserves have risen over the past few weeks. The previous estimate put the fund at around $3 billion after selling $467 million in shares, and the new $225 million addition reflects a continued focus on investment as management implements a plan to hedge the company’s debt.
How to buy bitcoin first
Breathing increases the pattern. The strategy leaned on the dollar’s accumulation of new bitcoin purchases in recent weeks, a shift away from aggressive buying. corporate finance restructuring and it explained a lot about his history.
Saylor also posted another chart for the Strategy bitcoin acquisition tracker to X Sunday is the phrase “What will happen?” These notes preceded the next day’s buyout announcements, although the company’s strategy has changed in recent weeks.
Corporate leadership makes sales as a matter of consistency rather than retreat. President and CEO Phong Le he said Bloomberg TV reported last week that Strategy intends to remain a long-term bitcoin buyer. Le said the company would start weighing the risks to its credit if bitcoin fell to $8,000 to $10,000, explaining that the currency is safe.
The situation echoes Saylor’s repeated promise Strategy will continue to buy bitcoin for many years, the message he has been holding security for potential BTC transactions.
Saylor turned to the Bitcoin protocol over the weekend. He published a 110-point article, “110 Reasons BIP 110 Is a Bad Idea,” his detailed case against the soft fork that aims to reduce unstructured data on the network.
The news comes ahead of the BIP-110 approval window, which opens in early August. Miner support is sitting at 0.86% on public analysis.
Bitcoin mining pool Foundry is asked the miners to voteand the company statement will show the fork as one on the way to failure given a weak signal.
Strategy dollar share views on exchange rate are interesting. JPMorgan analysts to be invited The main reserves are to control the value of institutions in the future of bitcoin “encouraging signs” of the trend of bitcoin, although the movements of bitcoin ETFs are volatile.
Strategy sits above the crowd. Bitcoin Treasuries data lists 197 public companies with some form of bitcoin holdings, which pushed the preservation of the bitcoin industry until history. Tether-backed Twenty One, Metaplanet, MARA, and Adam Back and Cantor Fitzgerald-backed Bitcoin Standard Treasury Company take the top five, with 43,514 BTC, 43,000 BTC, 36,303 BTC, and 30,021 BTC.
Sales are difficult. MSTR fell 4% over the past week and closed Friday at $94.85, down 38.6% for the year. Bitcoin gained about 1% during the same period, a split that widened the gap between the company’s net worth and its market cap.
Strategic shares were up 2% in pre-market trading.
