MicroStrategy again sells company shares to boost cash reserve

Michael Saylor-led Strategy (Nasdaq: MSTR), formerly MicroStrategy, repeated its playbook from past week arsenic it again sold the company's communal shares to boost its currency reserve portion adding nary Bitcoin (BTC) to its equilibrium sheet.

The institution disclosed successful its filing with the Securities and Exchange Commission (SEC) connected July 20 that it sold 2,732,318 MSTR shares worthy $263.5 cardinal and grew its U.S. dollar reserve to $3.225 billion.

The currency reserve is intended to enactment the outgo of dividends connected the company's preferred banal and involvement connected its outstanding indebtedness. 

Similar to past week, Strategy did not bargain oregon merchantability immoderate Bitcoin arsenic the company's holdings stood at 843,775 coins arsenic of July 19.

The institution adjacent sold Bitcoin doubly this twelvemonth for the archetypal clip aft 2022. 

• 32 Bitcoin for astir $2.5 cardinal betwixt May 26 and May 31

• 3,588 BTC for $216 cardinal betwixt June 29 and July 5

The institution has purchased these coins for $63.69 cardinal astatine an mean terms of $75,476 per coin.

Bitcoin was trading astatine $64,666 astatine property clip arsenic per Decibel.

So, the worth of Strategy's Bitcoin holdings is $54.56 billion. It means the institution is $9.13 cardinal underwater connected its BTC holdings.

The MSTR stock, which closed astatine $94.85 connected July 17, was exchanging hands astatine $96.20 successful premarket hours connected July 20.

Trending connected TheStreet Roundtable:

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JPMorgan finds Strategy's currency boost 'encouraging'

As reported earlier, JPMorgan Chase analysts said that Strategy's currency boost, coupled with affirmative flows into Bitcoin futures, are "encouraging signs" for Bitcoin's outlook.

As per the analysts, retail investors person been buying the Strategy-linked ETFs. This buying inclination has supported the MSTR stock, they said.

Related: If Musk had bought Bitcoin and golden alternatively of Twitter, here's what it would beryllium worthy today

This communicative was primitively published by TheStreet connected Jul 20, 2026, wherever it archetypal appeared successful the MARKETS section. Add TheStreet arsenic a Preferred Source by clicking here.