MicroStrategy Raises $467M via Share Sale While Holding Massive 843,775 BTC Treasury Untouched
MicroStrategy, the world's largest corporate Bitcoin holder, has significantly bolstered its US dollar reserves to $3 billion following a strategic $466.7 million sale of MSTR shares. By utilizing an at-the-market (ATM) offering to sell 4.8 million Class A common shares, the company has successfully raised fresh capital to strengthen its balance sheet.
Despite the massive equity sale, the company's Bitcoin treasury remains completely untouched, with holdings standing at 843,775 BTC. This move underscores a clear separation between capital raising activities and their long-term Bitcoin accumulation strategy, maintaining an average purchase price of $75,476 per BTC amidst shifting market dynamics.
According to a Monday 8-K filing with the US Securities and Exchange Commission, the company sold 4.8 million shares of its Class A common stock between July 6 and July 12. Notably, MicroStrategy did not buy or sell any Bitcoin during this period, reporting its total holdings at 843,775 BTC with an average purchase price of $75,476 per BTC.
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