Strategy sold $105 million of bitcoin last week
Strategy sold 1,638 BTC, reducing its holdings to 842,138 BTC, and issued 3.01 million MSTR shares to raise $290.6 million.
The proceeds funded preferred dividends, added $250 million to the USD reserve and helped repurchase 912,143 STRC shares for $81.2 million.
The company lifted its USD reserve by $250 million and maintained STRC’s annual dividend rate at 12%