Strategy Raised $467M, Bought No Bitcoin As MSTR Slides Toward $90
Strategy Inc. (NASDAQ: MSTR ) sold $466.7 million worth of its own shares last week and added zero Bitcoin (CRYPTO: BTC) to its treasury, sending MSTR down towards $90. Why Did Strategy Raise Cash Instead Of Buying Bitcoin? Strategy filed an 8-K with the Securities and Exchange Commission Monday, confirming it sold 4,818,781 MSTR shares between July 6 and July 12 through its at-the-market equity program, pushing its USD reserve to $3 billion. That reserve exists to cover dividend payments on preferred stock and interest on outstanding debt. The company’s 843,775 BTC position, worth roughly $53 billion and purchased at an average of $75,476 per coin, remains unchanged. What Did Saylor Post On Sunday And What Does It Mean? Executive Chairman Michael Saylor posted a Bitcoin tracker chart to X on Sunday with the caption “Orange dots tell only part of the story.” His Sund...
Strategy Inc. (NASDAQ: MSTR ) sold $466.7 million worth of its own shares last week and added zero Bitcoin (CRYPTO: BTC) to its treasury, sending MSTR down towards $90.
Why Did Strategy Raise Cash Instead Of Buying Bitcoin? Strategy filed an 8-K with the Securities and Exchange Commission Monday, confirming it sold 4,818,781 MSTR shares between July 6 and July 12 through its at-the-market equity program, pushing its USD reserve to $3 billion.
That reserve exists to cover dividend payments on preferred stock and interest on outstanding debt.
The company’s 843,775 BTC position, worth roughly $53 billion and purchased at an average of $75,476 per coin, remains unchanged.
What Did Saylor Post On Sunday And What Does It Mean? Executive Chairman Michael Saylor posted a Bitcoin tracker chart to X on Sunday with the caption “Orange dots tell only part of the story.” His Sunday posts have historically signaled Bitcoin purchases.
Captions like “A good time to add more dots” and “Looks better with more dots” preceded prior acquisitions.
His last two posts broke that pattern: a June 28 caption preceded a capital framework announcement, and his July 5 post preceded Strategy’s largest Bitcoin sale ever, 3,588 BTC sold for $216 million.
Sunday’s post followed with no purchase.
Is $90 The Line MSTR Cannot Afford To Lose? MSTR trades at $94.64, sitting 10.5% below its 20-day moving average of $102.83 and 47.5% below its 200-day moving average of $175.19.
The Supertrend indicator holds bearish at $113.91, a level price has not reclaimed since May.
The MACD sits above its signal line with a positive histogram, a sign that selling pressure is easing even as the broader trend stays bearish.
MSTR Key levels: $90 — immediate floor being tested in premarket $82 — 52-week low area where buyers previously stepped in $113.91 — Supertrend resistance; reclaiming this changes the near-term picture The death cross formed in October 2025, with the 50-day moving average below the 200-day, keeps the longer-term structure bearish.
Losing $90 puts $82 back in play.
Image: Shutterstock