# MicroStrategy raises $467 M in stock sale, Bitcoin stash unchanged

**Published:** 2026-07-15T21:49:42.353Z  
**Topic:** Microstrategy Bitcoin  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/9f2577d3-b71b-49c7-989d-46a07fda00dc

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 |

## Equity sale fuels cash buffer  
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】.

## Bitcoin position stays flat amid market pressure  
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】.

## Dividend schedule and market reaction  
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】.

## What to watch
- Bitcoin price at the $62,500‑$63,000 level, a key support zone for Strategy’s cost basis.  
- Any further ATM share sales that could deplete the remaining $23.8 billion capacity.  
- The upcoming semi‑monthly dividend payment on July 15, which may influence cash flow needs and market sentiment.

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.

## Sources
1. Crypto Briefing — [Strategy adds $467M in cash, no Bitcoin, as analysts warn Saylor...](https://cryptobriefing.com/strategy-467m-cash-no-bitcoin-saylor-pivot/)
2. Cointelegraph — [Strategy sells $467M in MSTR shares, leaves 843,775 BTC stack untouched](https://cointelegraph.com/news/strategy-sells-467-million-mstr-keeps-843775-btc-stack)
3. Cryptoconsulting — [Strategy sells $467M in MSTR shares, leaves 843,775 BTC stack...](https://cryptoconsulting.info/blog/2026/07/13/strategy-sells-467m-in-mstr-shares-leaves-843775-btc-stack-untouched/)
4. Decrypt — [MicroStrategy Sells Off Bitcoin for First Time—Then Buys... - Decrypt](https://decrypt.co/118061/microstrategy-sells-off-bitcoin-first-time-buys-even-more)
5. Tradingview — [Key facts: MicroStrategy Sells 3,588 BTC for... — TradingView News](https://www.tradingview.com/news/tradingview:e1fbb397565f6:0-key-facts-microstrategy-sells-3-588-btc-for-216m-etfs-up-futures-mixed/)

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Cite as: TrendWatcher, "MicroStrategy raises $467 M in stock sale, Bitcoin stash unchanged", https://www.trendwatcher.in/article/9f2577d3-b71b-49c7-989d-46a07fda00dc