MicroStrategy Sells Shares to Boost Cash Reserves
MicroStrategy (MSTR) sold over $263 million worth of shares on July 20 to increase its cash reserves to $3.225 billion, which will be used for dividend payments and debt interest obligations. The company did not buy or sell Bitcoin during the period, maintaining a holding of 843,775 BTC at an average cost price significantly higher than current market value.
Topics: Bitcoin holdings cash reserves stock sales