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Strategy Sells $466.7 Million in MSTR Stock

Published by
Nidhi Kolhapur

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.

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Nidhi Kolhapur

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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