Advertise
Strategy Sells $466.7 Million in MSTR Stock
Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
Strategy sold 4.82 million MSTR shares for $466.7 million in net proceeds between July 6 and July 12, according to a July 13 SEC filing. The company did not buy any additional Bitcoin during the period, leaving its holdings unchanged at 843,775 BTC. The share sale increased Strategy’s U.S. dollar reserves to $3.0 billion. Investors will watch how the company uses the cash and whether it resumes Bitcoin purchases in the coming weeks.
Was this writing helpful?
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
