TLDR Tech / Crypto
Strategy sells $263.5 million in MSTR shares, buys no bitcoin
Strategy sold 2.7 million MSTR shares for roughly $263.5 million between July 13 and July 19 without buying or selling any bitcoin, pushing its USD reserve up $225 million to $3.225 billion. The firm's holdings remain at 843,775 BTC (~$54.7 billion, about 4% of bitcoin's supply cap) bought at an average price of $75,476, carrying roughly $9 billion in paper losses. CEO Phong Le said Strategy would only reassess debt-related risk if bitcoin fell to $8,000-$10,000, while MSTR stock closed the week down 4% at $94.85, off 38.6% year-to-date.
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