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. 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: