Strategy shares are advancing Monday as Bitcoin climbs to a two-month high and a regulatory filing signals a capital management shift.

Strategy generated $263.5 million in net proceeds from selling more MSTR shares while leaving its Bitcoin holdings unchanged.

Strategy's total holdings account for around 4% of the 21 million bitcoin supply cap — worth roughly $54.7 billion.

Strategy sold $263.5M of MSTR shares and added $225M to USD reserves without buying Bitcoin, bringing cash holdings to $3.2B as BTC purchases pause.

Strategy sold $263.5 million in MSTR shares last week without buying bitcoin, raising its U.S. dollar reserve to a record $3.225 billion while maintaining its 843,775 BTC treasury…

For the second consecutive week, the firm kept bitcoin holdings steady, choosing to use the raised capital to boost cash for paying dividends on its preferred stock.

Strategy raises $730M in two weeks without buying Bitcoin as MSTR tests $95 and its BTC holdings carry $9B in paper losses.

Strategy sold $263.5M in MSTR shares from July 13-19 and bought no bitcoin, raising its USD reserve to $3.225 billion while holding 843,775 BTC, per an SEC 8-K.

Strategy shares are advancing Monday as Bitcoin climbs to a two-month high and a regulatory filing signals a capital management shift.