Company disclosures indicate that Strategy raised $263.5 million through the sale of regular MSTR A shares, but did not buy or sell bitcoin this week. This is also the second consecutive week in which the company maintains its hold and still holds 843,775 BTCs.
The dollar reserve rose to $3.225 billion.
After two consecutive weeks of updating, Strategy continued to replenish liquidity through general-equity financing, rather than selling bitcoin further. The company disclosed that its United States dollar reserves had risen to US$ 3,225 million, an increase of about US$ 675 million over the US$ 25.5 billion on 5 July.
According to the company, this portion of the cash was mainly used to support dividends, debt interest and other capital needs. Strategy has recently preferred to maintain its position in the United States dollar through equity financing, compared to the previous direct sale of bitcoin for cash.
Bitcoin holds two weeks in a row.
To date, the total cost of the 843,775 BTC purchases held by Strategy is approximately $63,690 million, or approximately $75,476 equivalent to the average cost of a single item, which already includes associated costs and expenditures.
This hold-up level was lower than the 847,363 BTCs prior to the company ' s trading in early July. Prior to that, between 29 June and 5 July, Strategy sold 3,588 bitcoins, with an estimated $216 million in cash, and indicated that the proceeds would be used for payment arrangements related to Digital Credit securities.
- The BTC holdroom currently stands at 843,775
- Total storage cost is approximately $63.690 billion
- Average warehouse cost approximately US$ 75,476
Retention of $1.25 billion
Under the earlier launch of Digital Credit Capital Platform, Strategy was authorized to sell up to $1.25 billion bits under specific conditions to enhance the United States dollar reserve and to meet dividends, interest and other capital requirements. However, this authorization does not mean that the company must implement it in its entirety.
In addition to the delegation of currency for sale, the framework includes up to $2 billion in general and priority stock buy-backs. At the same time, Strategy has increased the SRC annualized dividends from 11.5 per cent to 12 per cent from July.
The market is also continuing to assess the valuation of the STRC, focusing mainly on future cash flows, leverage levels, the ability to cover in red and the impact of price fluctuations in bitcoin on the financial structure of the company. According to the report, the credit investor Khing Oei argued that the current level of coupons alone was not sufficient to judge the value of the securities, and that more attention should be paid to the company ' s future ability to pay.
Additional information:The company has not yet indicated when it will use the remaining currency, nor has it disclosed when it will resume holding the increased bitcoin. The two most recent weekly disclosures indicated that Strategy had no new bitcoin holding stock, but that the United States dollar reserve had risen from $3 billion to $3.25 billion.
