Strategy has raised $466.7 million through fresh MSTR stock sales while leaving its Bitcoin holdings unchanged at 843,775 BTC for the week ending July 12.
Summary
- Strategy raises $466.7 million through MSTR stock sales.
- Company keeps Bitcoin holdings unchanged at 843,775 BTC.
- Standard Chartered maintains $100,000 Bitcoin target despite treasury concerns.
According to a Form 8-K filed with the U.S. Securities and Exchange Commission (SEC), Michael Saylor-led Strategy sold 4,818,781 Class A MSTR shares between July 6 and July 12 through its at-the-market (ATM) program, generating approximately $466.7 million in net proceeds. Despite the capital raise, the company reported that it did not purchase or sell any Bitcoin during the reporting period.
The filing showed Strategy continued to hold 843,775 BTC, acquired for about $63.69 billion at an average purchase price of $75,476 per Bitcoin, excluding fees and expenses. Following the latest issuance, the company still has roughly $23.79 billion available under its MSTR ATM stock program.
Strategy keeps Bitcoin holdings unchanged after recent sale
Fresh SEC disclosures also showed Strategy held approximately $3 billion in U.S. dollar reserves as of July 12. According to the filing, the cash is intended to cover preferred stock dividends and interest payments on the company’s debt. The reported balance also includes expected proceeds from ATM share sales that had not settled by the reporting date.
The company further disclosed that it did not repurchase any shares under its existing buyback programs during the same week.
The latest filing follows Strategy’s $216 million Bitcoin sale disclosed the previous week, only the second BTC sale in the company’s history. At the time, the company said the proceeds would be used to fund dividends tied to its STRC preferred stock and other digital credit securities. After that transaction, Strategy’s Bitcoin balance fell to 843,775 BTC, where it has remained through the latest reporting period.
Earlier reports also noted that Strategy has authorization to sell up to $1.25 billion worth of Bitcoin under its BTC Monetization Program, a development that has drawn close attention from market participants even though the company has not announced additional BTC sales.
Standard Chartered says treasury uncertainty drove recent weakness
Attention around Strategy’s Bitcoin plans increased after Executive Chairman Michael Saylor posted the company’s familiar Bitcoin acquisition chart on July 12 with the message, “Orange dots tell only part of the story.” As crypto.news reported earlier, the post did not confirm whether Strategy had bought, sold, or held Bitcoin during the latest reporting week.
Crypto.news also noted that Strategy’s public Bitcoin tracker continued to show 843,775 BTC, matching the latest SEC filing. The company typically reports treasury activity through regulatory filings, meaning social media posts do not establish whether a transaction has occurred or indicate its direction.
The latest disclosure comes as Bitcoin has climbed back above $64,000 after Standard Chartered reaffirmed its $100,000 price target for the end of 2026. In a research note, the bank said recent weakness in Bitcoin was driven largely by uncertainty surrounding Strategy’s evolving treasury approach rather than by any deterioration in Bitcoin’s underlying fundamentals.
Standard Chartered added that the recent pullback should not be interpreted as a change to its long-term bullish outlook for the cryptocurrency.
