Strategy did not add to its bitcoin holdings in the week ended July 12, according to an SEC filing cited by BlockBeats. During the same period, the company sold about 4.82 million shares of MSTR through its at-the-market, or ATM, program, generating roughly $466.7 million in net proceeds.
The filing said Strategy made no bitcoin purchases during the week, leaving its holdings unchanged at 843,775 BTC. Based on an average purchase price of $75,476 per bitcoin, the company said the aggregate cost basis of those holdings was about $63.69 billion.
Strategy also disclosed that it did not repurchase any shares between July 6 and July 12. As of July 12, the company held about $3 billion in cash reserves. The update offers a snapshot of the firm’s capital activity for the week, covering equity issuance, bitcoin accumulation, share repurchases, and cash on hand.
Strategy sold about 4.82 million MSTR shares through its at-the-market, or ATM, program in the week ended July 12, raising about $466.7 million in net proceeds, according to an SEC filing cited by BlockBeats.
During the same week, the company made no bitcoin purchases. Its holdings stayed unchanged at 843,775 BTC. Strategy said the aggregate cost basis was about $63.69 billion, based on an average purchase price of $75,476 per bitcoin.
The company also said it made no share repurchases from July 6 to July 12. As of July 12, its cash reserves stood at about $3 billion.
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.
