Cryptocurrency treasury firm Strategy MSTR maintained its Bitcoin holdings at 843,775 BTC over the past week, making no purchases or sales of the digital asset, according to its latest regulatory filing.
Instead, the company—led by Chairman Michael Saylor—raised $466.7 million in U.S. dollars through at-the-market stock sales, increasing its total cash reserves to $3 billion. These funds are earmarked to support dividend payments on its preferred stock (STRC) and interest obligations on outstanding debt.
Strategy acquired its Bitcoin position at an average price of $75,476 per coin, placing it significantly underwater as Bitcoin currently trades around $62,500. Despite a modest price recovery during the week, BTC faced renewed downward pressure on July 13 amid escalating geopolitical tensions between the U.S. and Iran and a sharp spike in crude oil prices, prompting investors to retreat from risk assets.
Shares of MSTR have plummeted 79% over the past 12 months and closed at $94.64 per share.