Strategy offloads $466.7M worth of MSTR stock while maintaining 843,775 Bitcoin reserve
Following the sale of $466.7 million in MSTR stock, Strategy expanded its cash reserves to $3 billion, maintaining its complete Bitcoin treasury of 843,775 BTC without any changes.
The world's leading corporate Bitcoin holder, Strategy, generated additional capital through the sale of MSTR stock via its at-the-market (ATM) program during the previous week, all while preserving its entire Bitcoin treasury intact.
Between the dates of July 6 and July 12, Strategy offloaded 4.8 million shares of Class A common stock, bringing in $466.7 million in proceeds, as disclosed in an 8-K filing submitted to the US Securities and Exchange Commission on Monday.
Throughout this timeframe, the company refrained from any Bitcoin transactions, either purchases or sales, and maintained its position of 843,775 BTC acquired at an average cost basis of $75,476 per Bitcoin.
This disclosure arrives as market participants maintain close scrutiny of Strategy's approach to managing equity issuance alongside Bitcoin acquisition activities and its expanding preferred stock programs, all part of its broader Bitcoin-centric corporate framework.
Prior to the Nasdaq market opening on Monday, MSTR stock was experiencing approximately 3% decline, trading at $91.80 per share, based on data from Yahoo Finance. Meanwhile, Bitcoin was hovering around $62,580, reflecting a decline of more than 2% over the preceding 24-hour period.
Dollar reserves expand to $3 billion mark
As of July 12, Strategy successfully grew its United States dollar cash position to $3 billion, representing an increase from the $2.55 billion level recorded one week prior. These reserves serve the purpose of covering dividend distributions on preferred stock and servicing interest obligations on the company's outstanding debt instruments.
Within this reserve total are anticipated proceeds from MSTR stock sales executed through the ATM program that remained unsettled at the time of the filing date.
Under its MSTR ATM program, Strategy retains $23.8 billion in available capacity for future share sales, which incorporates capacity from a fresh $21 billion offering that the company unveiled on March 23. According to company statements, the additional capacity will become available for share sales once the current offering approaches substantial completion.
During the prior week, Strategy made public its decision to liquidate 3,588 BTC for approximately $216 million, with the objective of replenishing its dollar cash position and covering dividend obligations on preferred stock.
These Bitcoin sales comprised an initial tranche of 1,363 BTC sold at an average price point of $59,256 during the June 29 to June 30 window, with a subsequent sale of 2,225 BTC at an average of $60,773 taking place between July 1 and July 5.
Within that same 8-K filing dated June 29, Strategy additionally disclosed zero Bitcoin acquisitions while revealing the sale of 12.7 million MSTR shares executed through its ATM program, which produced $1.15 billion in net proceeds for the company.
STRC transitions to semi-monthly dividend distribution model
The expansion of Strategy's dollar reserve comes as the company prepares to issue its inaugural semi-monthly dividend distribution to STRC preferred stockholders this Wednesday.
Based on a revised schedule that was publicly announced on June 8, STRC will establish record dates falling on the 15th day and the final day of every month, with corresponding payment dates occurring on the subsequent record date.
The inaugural semi-monthly record date took place on June 30, 2026, establishing July 15 as the initial scheduled payment date for this new distribution framework.