Strategy raises $467 million via MSTR sales, skips Bitcoin buys
The company sold 4.8 million shares while refraining from issuing preferred stock under its other ATM facilities.
Strategy disclosed on Monday that it raised approximately $467 million between July 6 and July 12 through the sale of 4.8 million Class A shares under its at-the-market (ATM).
The company neither bought nor sold Bitcoin during the reporting period, keeping its treasury at 843,775 BTC, valued at about $53 billion based on current market prices.
Following the share sales, Strategy said its US dollar reserve increased to $3 billion, supported in part by proceeds from ATM share sales.
MSTR dropped almost 3% in premarket trading on Monday. The Bitcoin proxy has lost 38% of its value so far this year.
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