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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
Strategy reports holding 843,775 Bitcoin, valued at more than $55 billion based on a price of $65,576 per coin.
No, the company has paused Bitcoin purchases for five consecutive periods, focusing on cash accumulation and a preferred‑stock buyback instead.
Strategy has $3.75 billion in cash that it has indicated will not be used for Bitcoin repurchases.
The Bitcoin holdings have incurred an unrealized loss of roughly 50% relative to the total amount spent on acquisition.
The Nasdaq‑listed stock rose about 7% on the day of the buyback announcement but is down nearly 40% year‑to‑date.