# Bitcoin slides 2.7% to $62,500 as Strategy raises $335 M ATM funds

**Published:** 2026-07-30T08:13:50.594Z  
**Topic:** Microstrategy Bitcoin  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/668df3ff-7ba3-4277-85d9-f7ccfb457acc

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 |

## Capital raise mechanics  
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].

## Impact on Bitcoin and market sentiment  
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.

## What to watch
- Bitcoin testing the $60,000 support level; a break could trigger further downside.  
- Future ATM offerings from Strategy that may shift the cash‑to‑BTC allocation ratio.  
- Any change in the price of Strategy’s perpetual preferred shares (STRC), which currently trade below $90 against a $100 par value, potentially influencing future funding decisions.  

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.

## Sources
1. Timothysykes — [MSTR Jumps As New Capital Plan Supercharges Bitcoin Strategy](https://www.timothysykes.com/news/strategy-inc-mstr-news-2026_07_01/)
2. Coinspeaker — [Strategy $335M ATM Raise Funnels Just $34.9M into Bitcoin](https://www.coinspeaker.com/strategy-atm-offering-cash-reserve-bitcoin-purchase/)

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Cite as: TrendWatcher, "Bitcoin slides 2.7% to $62,500 as Strategy raises $335 M ATM funds", https://www.trendwatcher.in/article/668df3ff-7ba3-4277-85d9-f7ccfb457acc