Strategy carried out a new sale of MSTR shares and raised approximately US$ 466,7 million during the last week, according to a document filed with the United States Securities and Exchange Commission (SEC). The operation strengthened the company's cash position, but did not result in new Bitcoin purchases, keeping its reserve strategy in the largest cryptocurrency in the market unchanged.
Between July 6 and 12, the company sold 4.818.781 common MSTR shares. Instead of using the proceeds to expand its Bitcoin position, the company allocated virtually all of the amount raised to strengthen its dollar liquidity.
As a result, Strategy's cash reserves increased by approximately US$ 450 million, reaching a total of US$ 3 billion on July 12. The decision indicates a more cautious stance toward financial management, preserving resources while monitoring market conditions.
Even after the share sale, the company maintained its reserve of 843.775 BTC, consolidating its position as one of the world's largest corporate holders of Bitcoin.
According to the company's co-founder and executive chairman, Michael Saylor, this volume was acquired at an average cost of US$ 75.476 por Bitcoin. Considering fees and other expenses related to the acquisitions, the total investment reached approximately US$ 63,7 billion.
At current Bitcoin prices, Strategy's reserves are valued at around US$ 53 billion, which represents an unrealized loss close to US$ 10,7 billion compared to the acquisition cost. As the assets remain on the balance sheet, this difference corresponds only to the price variation recorded in the market.
The company's holdings continue to amount to about 4% of the maximum limit of 21 million bitcoins that may exist. This percentage reinforces Strategy's weight in the Bitcoin market, since few public companies have similar exposure to the asset.
The absence of new purchases also draws attention because, in recent years, the company stood out for using successive stock issuances and other financial instruments to continuously expand its Bitcoin reserves. This time, however, the priority was to increase cash availability without changing the amount of BTC under custody, preserving its position while monitoring market developments and future acquisition opportunities.