Strategy raises $263.5 million through MSTR share sales, reports no Bitcoin purchases
Current market prices leave Strategy with over $9 billion in paper losses on its Bitcoin holdings.
Strategy on Monday reported raising $263.5 million through the sale of over 2,7 million Class A shares under its at-the-market offering program during the week of July 13 to July 19, while recording no sales under any of its preferred stock ATM facilities.
The Tysons, Virginia-based firm extended its pause in Bitcoin trading for a second straight week, disclosing no purchases or sales during the same period.
As a result, Strategy’s Bitcoin holdings remain at 843,775 BTC, worth about $54.7 billion at current market prices. Its treasury remains deep underwater, with unrealized losses exceeding $9 billion.
Strategy generated about $467 million from sales of its MSTR common stock under its ATM program last week. Following the latest fundraising, the company’s US dollar reserve exceeded $3.2 billion as of July 19, which it said is maintained to cover preferred stock dividend payments and interest on outstanding debt.