Michael Saylor-led Strategy sold another $263. 5 million of common stock last week, but the company used the fundraising to expand its cash reserve rather than add to its Bitcoin holdings. According to a July 20 SEC filing, the Tysons Corner, Virginia-based company issued 2.
Source: [CryptoSlate](https://cryptoslate.com/strategys-bitcoin-metrics-go-negative-amid-3-2b-cash-sells-7-5m-shares-but-buys-0-btc-for-4-weeks/)