MicroStrategy Raises $467 Million, Boosts Cash Reserves to $3 Billion

According to ChainCatcher, MicroStrategy sold 4.82 million shares in the week ending July 12, generating net proceeds of $467 million. The company allocated $450 million to increase its dollar reserves, bringing total cash reserves to $3 billion.

MicroStrategy currently holds 843,775 BTC, representing 4.02% of Bitcoin's fixed supply. At a market price of $64,312 per BTC, the holdings are valued at approximately $54.28 billion, against a cumulative acquisition cost of $63.83 billion.