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:
Strategy (MSTR) raised $104.73 million last week with the sale of 1,638 bitcoin, and raised an additional $290.6 million via the sale of common stock:
Alongside, the company repurchased 912,143 shares of its high-yielding preferred stock STRC for $81.2 million, according to an SEC filing:
The bitcoin sales reduced Strategy’s holdings to 842,138 BTC, acquired for $63.51 billion at an average price of $75,419:
The company lifted its USD reserve by $250 million, taking the total USD reserve to $4 billion:
The company announced over the weekend that it would maintain STRC’s annual dividend rate at 12%, saying it does not intend to recommend a reduction until the shares trade consistently near their stated $100 value:
MSTR is lower by 1.9% pre-market alongside a weekend decline in the price of bitcoin to $62,500:
