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Strategy raised $467 million in cash to a $3 billion USD reserve while keeping 843,775 BTC steady, causing a 3% stock dip – see the details.
Strategy raised $466.7 million in cash through an at‑the‑market equity sale, pushing its USD reserve to $3 billion, while its Bitcoin stash stayed at 843,775 BTC, leaving the stock down about 3% in pre‑market trading [1].
| At a glance | |
|---|---|
| Cash raised | $466.7 million |
| USD reserve | $3 billion |
| BTC holdings | 843,775 BTC (≈ 4% of total supply) |
| Stock move | –3% pre‑market |
Strategy (formerly MicroStrategy) sold 4,818,781 common shares between July 6 and July 12, generating the cash infusion that lifted its dollar reserve to $3 billion [2]. The company did not buy or sell any Bitcoin during the same period, keeping its holdings unchanged at 843,775 BTC, which were originally acquired at an average price of $75,476 per coin for a total cost of about $63.7 billion [1]. At current market prices near $63,000 per Bitcoin, the treasury is valued at roughly $53 billion, reflecting an unrealized loss of about $10.7 billion [2].
The cash raise coincided with a 3% drop in Strategy’s shares, as investors priced in the dilution from the equity sale and the lack of new Bitcoin purchases while Bitcoin itself slipped to around $62,800 over the weekend [1]. Under the newly announced Digital Credit Capital Framework, the firm limits future Bitcoin sales to fund preferred‑stock dividends, interest payments, and securities repurchases, capping the monetization program at $1.25 billion [2]. Analysts note that existing cash reserves cover roughly 17.4 months of financing costs, extending to 25.9 months when the authorized reserve‑building capacity is considered [2].
Holding 843,775 BTC represents about 4% of the 21 million‑coin maximum supply, making Strategy one of the largest corporate Bitcoin owners despite the paper loss [2]. No additional Bitcoin unlocks or large‑wallet movements were reported for the week, underscoring that the cash raise, not on‑chain activity, drove the recent market shift.
The $3 billion cash buffer strengthens Strategy’s ability to meet short‑term financing obligations, but the sizable unrealized Bitcoin loss and the capped monetization capacity keep investors focused on how the company balances cash generation with its Bitcoin treasury.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 3 outlets · Jul 15, 2026 · How we report
MicroStrategy owns 843,775 Bitcoins with an average purchase price of $75,476 per coin, totaling about $63 billion in acquisition cost.
Proceeds from the share sale were used to increase MicroStrategy’s USD reserve to $3 billion, supporting preferred‑stock dividend payments and interest on its debt.
Key risks include Bitcoin price volatility (beta 3.55), $8.17 billion of long‑term debt, and the possibility of preferred‑stock delisting from the MSCI index.
The 24/7 Wall St. target is $358.56, implying a 268% upside, while the broader analyst consensus target is $321.
Bitcoin price movements directly impact the company’s balance sheet and stock performance; a sustained Bitcoin bull market could support upside, whereas a decline may force coin sales to meet cash obligations.