Strategy Skips Bitcoin Buy After $263M Share Sale
Strategy sold $263.5M in MSTR shares but made no Bitcoin purchase, keeping its holdings at 843,775 BTC and boosting cash reserves. Strategy ended another week without adding to its Bitcoin holdings despite raising fresh capital through its at-the-market share program. The company disclosed that it sold millions of MSTR shares while keeping its Bitcoin position unchanged. Its latest filing also showed a larger U.S. dollar reserve and no activity under its share repurchase plans. The update arrived through a filing with the U.S. Securities and Exchange Commission. Strategy Raises $263.5M Through MSTR Share Sale Strategy reported that it sold 2,732,318 Class A MSTR shares between July 13 and July 19. The sales generated net proceeds of about $263.5 million through its at-the-market offering program. The SEC filing showed that none of the companys preferred stock programs recorded sales during the same period. Those programs still retain billions of dollars in remaining issuance capacity. The filing also stated that more than $23.5 billion in MSTR share issuance capacity remains available. That includes the current offering and the expanded authorization announced earlier this year. Wu Blockchain shared the filing details on X, pointing out that Strategy completed the share sale without using the proceeds to acquire more Bitcoin during the reporting week. Strategy