Strategy said in an SEC filing that it raised about $466.7 million in net proceeds during the week ended July 12 by selling roughly 4.82 million shares of MSTR through its at-the-market, or ATM, equity program. During the same period, the company did not buy any Bitcoin, leaving its holdings unchanged at 843,775 BTC. Based on an average purchase price of $75,476, Strategy said the total cost basis of those holdings was about $63.69 billion. The company also disclosed that it did not repurchase any shares between July 6 and July 12. As of July 12, its cash reserves stood at about $3 billion. The disclosure outlines three points for the week: fresh equity financing through the ATM program, no change in the company’s Bitcoin position, and no stock buybacks over the disclosed period.
Strategy said in a filing with the U.S. Securities and Exchange Commission that it sold about 4.82 million shares of MSTR through its at-the-market, or ATM, program during the week ended July 12, generating about $466.7 million in net proceeds.
The company did not purchase any Bitcoin during the same week. Its holdings remained unchanged at 843,775 BTC. Based on an average purchase price of $75,476, Strategy said the total cost basis of its Bitcoin holdings was about $63.69 billion.
No share repurchases during July 6-12
Strategy also disclosed that it made no share repurchases from July 6 to July 12. As of July 12, the company held about $3 billion in cash reserves.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
