Strategy Raises $333.7M From 3.46 Million MSTR Share Sales, Makes No Bitcoin Purchases
Strategy raised $333.7 million last week by selling 3.46 million shares of its MSTR common stock but did not buy any Bitcoin, leaving its holdings unchanged at 840,447 BTC. Of the proceeds, $52.4 million went to twice-monthly dividends on STRC preferred stock, while $132.2 million was used to repurchase about 1.39 million STRC shares. The company added another $149.1 million to its US dollar reserve.