Strategy Raises $467M in Stock Sale, Skips Bitcoin Purchase for Third Straight Week

BTC2.31%
According to Decrypt's Morning Minute newsletter, MicroStrategy raised $467 million through a common stock issuance and chose not to purchase Bitcoin, marking the third consecutive week without a BTC acquisition. The capital raise lifted the company's USD reserve to a record $3 billion, bringing its cash runway to over 20 months of dividend and interest coverage. Since its last Bitcoin purchase on June 22, Strategy has generated approximately $215 million from Bitcoin sales—less than half of this week's stock issuance proceeds. Meanwhile, the company's 843,775 BTC holdings remain deeply underwater, with an average cost basis of $75,476 against BTC trading at $62,600, representing roughly $11 billion in unrealized losses.
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