Strategy sold about $263.5 million worth of MSTR shares last week and made no bitcoin purchases, according to an 8-K filing with the Securities and Exchange Commission on Monday.

The bitcoin treasury company reported the sale of 2,732,318 MSTR shares between July 13 and July 19. Proceeds went toward a $225 million boost to the firm’s U.S. dollar reserve, which reached $3.225 billion as of July 19. Strategy bought no bitcoin, sold no bitcoin, and repurchased no shares under its buyback programs across the period.

The company’s bitcoin stack holds at 843,775 BTC, a position worth around $54.7 billion at current prices. Strategy acquired the coins for about $63.7 billion,…

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