Strategy, formerly known as MicroStrategy, raised approximately $544.5 million through at-the-market equity sales between July 20 and July 26. After deducting costs and a $25 million preferred share buyback, the company retained a cash reserve of approximately $3.75 billion. For the fifth consecutive week, the company maintained its Bitcoin holdings at 843,775 BTC, with an average acquisition cost of approximately $75,476 per BTC. Strategy sold 3,588 BTC for approximately $216 million between June 29 and July 5 to cover its preferred dividend obligations. This substantial cash reserve represents potential Bitcoin buying pressure in the market.
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