Strategy Raises $467M in Equity, Boosts USD Reserve to $3B Without Selling Bitcoin
MSTR is trading near its 52-week low of $81.81 (14% above the low) on light trading volume (0.3× avg).
Summary
Strategy raised $466.7 million through ATM equity sales of 4.8 million shares between July 6 and 12, without selling any Bitcoin. The USD reserve jumped to $3 billion from $2.55 billion, the highest since disclosure began, ahead of the first semi-monthly STRC dividend payment on July 15. This follows last week's $216 million Bitcoin sale that had sparked forced-seller fears; the return to equity funding confirms that sale was a one-time reserve replenishment. The $3 billion reserve covers roughly 19-20 months of STRC dividends at the current rate, easing capital-structure stress that had pressured STRC to $73. The equity raise dilutes common shareholders but removes the overhang of further Bitcoin liquidations, which is constructive for both MSTR and Bitcoin sentiment.
At the time of this announcement, MSTR was trading at $93.10 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $32.6B. The 52-week trading range was $81.81 to $457.22. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Binance News.