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Strategy Exits Bitcoin Untouched, Raises $334 million Selling MSTR Stock

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Michael Saylor, founder and chairman of Strategy.

Strategy made no Bitcoin purchases or sales last week, according to an 8-K filed Monday, ending a run of weekly disposals that had funded its dividends and buybacks since June.

Key facts

Summary

Strategy made no Bitcoin purchases or sales in the week to August 16, leaving holdings at 840,447 BTC. It raised $333.7 million selling MSTR shares, splitting the proceeds between preferred dividends, a STRC buyback and its dollar reserve. The firm's USD reserve reached $4.8 billion, with $653 million left under the preferred repurchase program. The Bitcoin treasury company instead raised $333.7 million net by selling 3,458,866 MSTR shares, at an average of about $96.48, down from $99.17 the week before.

#Strategy #Funding Round #Bitcoin #Federal Reserve (FED)