Strategy Raises $467M via MSTR Share Sales, Keeps 843,775 BTC Treasury Intact

Strategy bolstered its U.S. dollar reserves to $3 billion through a $466.7 million sale of MSTR Class A shares, while leaving its 843,775 BTC treasury untouched. The company sold 4.8 million shares between July 6 and 12, at an average price of $91.80, under its at-the-market (ATM) offering. No Bitcoin transactions were reported during the period, with holdings maintained at an average cost basis of $75,476 per BTC. The reserves, used for preferred stock dividends and debt interest, now include unsettled ATM proceeds. MSTR's remaining ATM capacity stands at $23.8 billion, including a newly announced $21 billion tranche. Recent Bitcoin sales of 3,588 BTC for $216 million (split between June 29-30 and July 1-5) highlight liquidity management efforts ahead of the first semi-monthly STRC preferred stock dividend on July 15. Investors are monitoring the balance between equity issuance, Bitcoin accumulation, and preferred stock expansion amid a 2.5% drop in Bitcoin to $62,580 and MSTR shares sliding 3% pre-market.