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Bitcoin fell 2.7% to $62,500 after Strategy Inc’s $335 M ATM raise, with only $34.9 M used to buy 520 BTC and the USD reserve boosted to $1.4 B.
Bitcoin slipped 2.7% to $62,500 on June 22, 2026, after Strategy Inc disclosed a $335.5 million at‑the‑market (ATM) offering that allocated just $34.9 million to purchase 520 BTC, while the bulk of the proceeds bolstered its cash reserve [2]. The move highlights the company’s shift toward cash‑heavy funding despite its ongoing Bitcoin exposure.
| At a glance | |
|---|---|
| Price | $62,500 |
| 24h % Move | –2.7% |
| Key Level | $60,000 support under pressure |
| Catalyst | Strategy’s $335 M ATM raise, $34.9 M BTC purchase |
Strategy’s Form 8‑K filing shows the ATM program sold 2.71 million MSTR shares, generating $335.5 million in net proceeds. Roughly ten cents of each dollar raised was directed to Bitcoin, buying 520 BTC at an average price of $67,068 per coin [2]. The remaining $300 million was added to the company’s USD reserve, lifting it to $1.4 billion—a 25‑percent increase from the prior week [2].
The Bitcoin price drop coincided with the capital raise, pulling the token below the $64,000 mark and eroding the $60,000 support level that traders have been watching [2]. While the purchase adds to Strategy’s total holding of 847,363 BTC (cost basis about $64.1 billion), the modest $34.9 million infusion represents a small fraction of its overall exposure and does little to offset broader market weakness. The company’s USD reserve expansion signals a focus on liquidity for preferred‑dividend and debt‑interest obligations rather than aggressive BTC accumulation.
The modest Bitcoin purchase amid a large cash raise underscores Strategy’s dual‑track approach: maintaining a sizable BTC treasury while reinforcing liquidity to mitigate balance‑sheet risk. How the market reacts to the $60,000 support test will shape short‑term Bitcoin momentum.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 2 outlets · Jul 30, 2026 · How we report
As of September 2026, the MicroStrategy online store does not accept Bitcoin or other cryptocurrencies as payment. The store checkout process is limited to traditional payment methods, including credit cards and Apple Pay.
MicroStrategy held more than 840,000 BTC according to public disclosures available as of September 2026. Previous reports from March 31, 2025, indicated a holding of 528,185 Bitcoins.
The MicroStrategy Bitcoin sneaker is not an official collaboration with Nike. Product listings on the MicroStrategy store describe the footwear as a custom build that uses the company's own branding on a Jordan-style silhouette.