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Strategy sells nearly 3.46 million MSTR shares to repurchase STRC and lift USD reserves to $4.8 billion

AI Market Summary
SEC filings show Strategy sold ~$333.7m of MSTR via its ATM program to fund STRC buybacks, pay dividends, and raise USD reserves to ~$4.8b, while pausing BTC sales after two prior weeks of disposals. The unchanged 840,447 BTC balance reduces immediate supply-overhang concerns, but continued equity issuance and capital allocation toward buybacks/reserves may shape expectations for future treasury activity and BTC-related market positioning.
Impact level
● Medium
Affected assets
BTC/USDT+0.83%
AI Insight · BTC/USDTAI Insight
● Neutral
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An SEC filing shows Strategy sold nearly 3.46 million MSTR shares last week for about $333.7 million under its at-the-market program. It used $132.2 million of the net proceeds to repurchase STRC and $52.4 million to pay STRC dividends. Strategy also allocated $149.1 million to raise its USD reserves to $4.8 billion. The company still has 21.7 million MSTR shares available for issuance under the program.