MSTR
Cash in, coins untouched
Strategy just did the corporate equivalent of selling a few spare guitars to pay the rent — except the guitars are Class A shares and the rent is preferred dividends plus debt. In a filing covering July 13th through July 19th, the company said it sold 2,732,318 shares and pulled in $263.5 million in net proceeds.
The Bitcoin stash stays parked
Here’s the part that matters for the stock cult and the skeptics alike: Strategy did not buy more Bitcoin, and it didn’t sell any either. The company kept its stash at 843,775 BTC, with a blended cost basis of $75,476 per coin. Translation: no dramatic treasury cosplay this week — just a bigger cash buffer.
Why investors are leaning in
That reserve rose to $3.23 billion as of July 19, up from $3.0 billion a week earlier. Strategy says that cash is earmarked for preferred dividends and debt obligations, which makes the balance sheet look a little less like a high-wire act and a little more like a tightrope with a net.
And the timing helped. Bitcoin pushed to a two-month high, briefly clearing $65,000, while spot ETF inflows showed some actual enthusiasm again after a brutal stretch of outflows. When BTC catches a bid, Strategy often trades like a turbo-charged proxy — and Monday was no exception.
Big picture: Strategy didn’t make a fresh Bitcoin bet here. It made a safer one on itself — and for now, the market seems perfectly happy with that.