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Crypto

Strive buys 21 more bitcoin, holdings rise to 19,921 BTC

Asset manager Strive bought an additional 21 bitcoin, raising its total holdings to 19,921 BTC. It bought between July 13 and 17 at an average price of $63,221 each, for about $1.3 million. Cash and cash equivalents rose by $3.3 million to $157.4 million as of July 17. Share counts changed due to an at-the-market program, while the firm also reported holdings and fair value changes in preferred shares.

Crypto

Strategy sells more MSTR shares, bitcoin holdings unchanged

Strategy sold 2,732,318 shares of MSTR common stock, raising net proceeds of $263.5 million and increasing its dollar reserve to $3.225 billion. The company sold no bitcoin from July 13 to 19, Decrypt reported. The funds were raised through an at-the-market program and added to a dedicated dollar reserve used for dividends and debt repayment. Michael Saylor said the company held 843,775 BTC and $3.2 billion in its dollar reserve as of July 19.

Crypto

Strategy CEO says it will buy bitcoin again after STRC recovers par value

Strategy said it will not buy additional bitcoin until its preferred stock STRC recovers its $100 par value. CEO Phong Le linked the timing of renewed purchases to STRC’s price, saying financing conditions matter more than capacity. The company has not increased its bitcoin holdings since late June and has focused on building cash. It reported holding 843,775 BTC as of a July 12 SEC filing.