Overview
- The company disclosed on July 6 that it sold 3,588 BTC for about $216 million, trimming its reported holdings to 843,775 BTC and keeping an average cost basis of $75,476 per coin.
- Strategy told regulators the proceeds paid Series A preferred distributions and restored funds taken from a designated USD reserve, which it reported at $2.55 billion on July 5.
- The firm says its separate Bitcoin monetization program still has roughly $1.25 billion of capacity to raise cash if needed, and the July filing reported no common at‑the‑market sales that week.
- Executive Chairman Michael Saylor’s July 12 social post of an acquisition chart was vague and not followed by a confirming filing for the week ending July 12, leaving public trackers showing the 843,775 BTC balance.
- Markets and analysts flag rising risks from large unrealized losses, possible dilution from equity and preferred funding, and weak MSTR technicals with immediate support around $90–$95; the next Monday filing should clarify whether accumulation has resumed.