Strategy Leaves Bitcoin Untouched, Raises $334M Selling MSTR Stock

Strategy Capital raised $334 million through the sale of common stock shares but did not acquire any Bitcoin during the period, leaving its holdings of the cryptocurrency unchanged at 840,447 BTC. The company sold 3.46 million shares of MSTR between August 10 and August 16 via its at-the-market offering program, according to a report filed with the US Securities and Exchange Commission on Monday.

A portion of the raised funds, amounting to $52.4 million, was utilized to finance the semi-monthly dividends on STRC preferred stock, while $132.2 million was allocated towards repurchasing the same security. An additional $149.1 million was channeled into the company's US dollar reserve, which increased to $4.8 billion. No repurchases of other STRC preferred securities or MSTR common stock were made during the week.

Strategy repurchased approximately 1.39 million STRC shares for $132.2 million. Following the stock sale, the company's STRC shares were down 0.12% in premarket trading on Monday at $94.67, having fallen 1.03% to $94.78 the previous Friday, as per Yahoo Finance. The company has not reported any Bitcoin purchases or sales during this period.

Strategy's BTC were purchased for a total of $63.36 billion, including fees and expenses, at an average cost of $75,385 per coin. The company's US dollar reserve, which includes expected proceeds from stock sales that have yet to settle, stood at $4.80 billion as of Sunday. This reserve is designed to support STRC preferred-stock dividends and cover interest payments on existing debt.