No change in bitcoin holdings as Strategy boosted dollar reserve, bought back more STRC last week Led by Executive Chairman Michael Saylor, the company raised $333.7 million – Strategy sold 3.46 million MSTR shares for $333.7 million, using the proceeds to repurchase $132.2…
llion 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. 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
The company did not buy or sell any bitcoin during the week ended Aug. 16, leaving its bitcoin reserve unchanged at 840,447 BTC. The holdings were acquired for $63.36 billion at an average price of $75,385 per bitcoin, including fees and expenses. Strategy used $132.2 million of the stock-sale proceeds to repurchase 1,388,720 shares of its variable-rate preferred stock, STRC.
It allocated another $52.4 million to STRC dividends and added approximately $150 million, to its U.S. dollar reserve. The reserve increased to $4.80 billion as of Aug. 16, extending Strategy’s USD duration to 2.8 years. It is intended to support dividend payments on the company’s preferred stock and interest payments on its outstanding debt.