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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

Michael Saylor says MSTR is more watched than Nvidia, Apple

Michael Saylor, who leads Strategy, posted on social media a chart showing MSTR’s ratio of derivatives open interest to market capitalisation at 71.9 percent, saying market interest tops big tech. The stock is increasingly seen as a listed way to leverage bitcoin volatility. Strategy holds 847,363 bitcoin at an average purchase price of $75,646, with unrealised losses exceeding $11.7 billion as bitcoin trades around $61,000. STRD and STRK preferred shares were also cited as a burden.

Crypto

Strategy common and preferred shares hit 52-week lows on bitcoin slump and securities probe

Strategy, led by Michael Saylor, saw its common stock and preferred shares fall sharply as bitcoin weakened and a securities investigation emerged. The stock hit a 52-week low and the dividend preferred STRC traded well below par, stoking concern over its fundraising model. Dividend obligations rose to about $1.2 billion a year as cash holdings fell. The firm holds about 847,363 BTC, with unrealised losses estimated at $10.6 billion.