Loading article…
MicroStrategy sold $467 M of MSTR shares, boosting cash to $3 B while keeping its 843,775 BTC holding steady – see the impact on price and upcoming dividend
MicroStrategy raised $466.7 million by selling Class A common stock between July 6‑12, increasing its cash reserve to $3 billion but leaving its Bitcoin treasury untouched at 843,775 BTC, a move that kept the stock down about 3% in pre‑market trading【3】.
| At a glance | |
|---|---|
| Cash raised | $466.7 M |
| Bitcoin holding | 843,775 BTC (≈ $52 B at $62 k) |
| MSTR share price | $91.80 (‑3% pre‑market) |
| Catalyst | Equity sale via ATM offering, no BTC purchase |
The company sold roughly 4.8 million shares through its at‑the‑market (ATM) program, adding $466.7 million to its USD reserve and bringing total cash to $3 billion, up from $2.55 billion a week earlier【3】. The proceeds are earmarked for dividend payments on its STRC preferred stock and interest on existing debt, not for additional Bitcoin purchases【1】. The ATM program still has $23.8 billion of capacity, including a $21 billion tranche announced on March 23, which the firm may tap once the current tranche is depleted【2】.
Strategy’s Bitcoin stash remains at 843,775 BTC, acquired at an average cost of $75,476 per coin, well above the current $62,500‑$63,000 trading range, meaning the entire position is underwater on a cost basis【1】. The firm sold 3,588 BTC for $216 million in the prior week, its largest single disposal to date, but made no new purchases during the July 6‑12 window【1】【3】. Analysts note that a holder controlling roughly 4% of total Bitcoin supply changing behavior without clear explanation can ripple through market sentiment【1】.
Strategy announced its first semi‑monthly dividend to STRC preferred shareholders, with record dates set for the 15th and month‑end and the first payment slated for July 15【2】. The dividend rollout coincided with a modest 2% drop in Bitcoin price, which fell over 2% after the large BTC sale, and saw mixed futures flows as traders adjusted positions【5】. MSTR shares are down 38% year‑to‑date, reflecting investor concerns over the company’s cash‑raising strategy versus its Bitcoin accumulation track record【1】.
The $467 million equity raise underscores Strategy’s shift toward preserving cash for preferred‑stock obligations while maintaining its Bitcoin exposure, leaving the market to gauge whether the firm will resume accumulation or continue a cash‑first approach.
Coverage is mostly measured — 158 of 169 reports stay neutral.
Every Monday — the token unlocks, Fed dates & catalysts set to move crypto and markets this week. So you’re never blindsided.
Free · 3-min read · one-click unsubscribe
AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 5 outlets · Jul 15, 2026 · How we report
MicroStrategy treats Bitcoin as its primary treasury asset, using a combination of equity and credit instruments to accumulate holdings while managing liquidity for corporate obligations.
While the firm has historically emphasized long-term accumulation, reports indicate that it has engaged in Bitcoin sales to strengthen dollar reserves and cover dividend payments.
The company raises capital primarily through at-the-market sales of common stock and the issuance of perpetual preferred shares.
MicroStrategy stock often mirrors the performance of Bitcoin, with both assets frequently rising or falling in tandem during market shifts.