Firm raises cash via stock sales for second straight week, avoiding Bitcoin liquidation amid market concerns.
Strategy added $225 million to its USD Reserve last week by selling 2.73 million MSTR shares, netting $263.5 million. The move lifts its total cash reserve to $3.225 billion, per an SEC filing, without touching its Bitcoin holdings.
This marks the second consecutive week of stock sales, following a $466.7 million raise earlier in July. The firm has now accumulated $675 million in cash over two weeks, prioritizing share sales over Bitcoin liquidation to meet dividend and debt obligations.
Preferred shareholders, holders of securities like STRC and STRK, are first in line for payouts from the USD Reserve. Critics, including Peter Schiff, argue the stock sales dilute common shareholders and suggest Strategy fears a Bitcoin sale could destabilize prices.