Strategy, the Michael Saylor-led company that has become synonymous with corporate Bitcoin accumulation, raised approximately $544.5 million through at-the-market equity sales between July 20 and July 26. But here’s the thing: not a single satoshi of that money went into buying more Bitcoin.
After accounting for costs and a $25 million preferred share buyback, the company netted roughly $525 million in cash. That brings Strategy’s total USD reserves to approximately $3.75 billion.
Cash hoarding, not Bitcoin buying
This marks the fifth consecutive week that Strategy has held its Bitcoin position steady at 843,775 BTC.
The average acquisition cost across that massive stash sits at roughly $75,476 per BTC.
