Between July 6 and July 12, Strategy sold 4.82 million shares of MSTR, raising $466.7 million. The data was disclosed in an 8-K form filed with the U.S. Securities and Exchange Commission.
The company's dollar reserve increased by $450 million, reaching the $3 billion mark. However, the key point is that the bitcoin position remained unchanged. The strategic reserve stands at 843,775 BTC with an average purchase price of $75,476.
This move demonstrates a shift in focus from increasing bitcoin holdings to strengthening the liquidity buffer. Strategy's management is likely preparing for potential market fluctuations or seeking opportunities for targeted investments not related to the first cryptocurrency.
My analysis: Such behavior may indicate caution ahead of a possible market correction. If bitcoin falls below $70,000, the company could seize the moment to buy more — its average purchase price ($75,476) is currently near current levels, creating an interesting dilemma for traders and investors.