Strategy raises $467 million via MSTR sales, skips Bitcoin buys

Strategy disclosed on Monday that it raised approximately $467 million between July 6 and July 12 through the sale of 4.8 million Class A shares under its at-the-market (ATM).

The company neither bought nor sold Bitcoin during the reporting period, keeping its treasury at 843,775 BTC, valued at about $53 billion based on current market prices.

Following the share sales, Strategy said its US dollar reserve increased to $3 billion, supported in part by proceeds from ATM share sales.

MSTR dropped almost 3% in premarket trading on Monday. The Bitcoin proxy has lost 38% of its value so far this year.

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