No change in bitcoin holdings as Strategy boosted dollar reserve, picked up back more STRC last week
·2 min read
Compiled by KHAO Editorial
— aggregated from 3 sources + 4 references discovered via search.
See llms.txt for citation guidance.
✓ KHAO Verified
Bitcoin treasury firm Strategy (MSTR) raised $333.7 million last week through the sale of 3.46 million shares of common stock, according to a Monday filing.
Key facts
The reserve increased to $4.80 billion as of Aug. 16, extending Strategy’s USD duration to 2.8 years
Following the latest transactions, Strategy has $653 million remaining under its preferred-stock repurchase program and $1 billion available under its MSTR common-stock repurchase program
Bitcoin treasury firm Strategy (MSTR) raised $333.7 million last week through the sale of 3.46 million shares of common stock, according to a Monday filing
Strategy used $132.2 million of the stock-sale proceeds to repurchase 1,388,720 shares of its variable-rate preferred stock, STRC
Summary
Strategy sold 3.46 million MSTR shares for $333.7 million, using the proceeds to repurchase $132.2 million of STRC, fund $52.4 million of dividends and add $150 million to its USD reserve. The company made no bitcoin purchases or sales, leaving its holdings at 840,447 BTC, while its $4.8 billion USD reserve now covers 2.8 years of obligations. The company did not buy or sell any bitcoin during the week ended Aug. 16, leaving its bitcoin reserve unchanged at 840,447 BTC. Strategy used $132.2 million of the stock-sale proceeds to repurchase 1,388,720 shares of its variable-rate preferred stock, STRC.