Strategy didn't touch its Bitcoin last week, keeping its crypto stack locked in at 840,447 BTC.
Instead of adding to the pile, the company shifted its focus entirely to tweaking its balance sheet. According to a new SEC filing, Strategy brought in $333.7 million by selling about 3.46 million MSTR common shares through its ongoing stock offering.
Put $149.1 million into cash, bringing their U.S. dollar reserve up to $4.80 billion—enough to comfortably cover roughly 2.8 years of preferred dividend payments.
Spent $132.2 million to repurchase nearly 1.39 million shares of STRC preferred stock to give the under-par security a boost.
Chipped in $52.4 million to pay out scheduled dividends to STRC investors.
#BTC #market #CryptoNews
$BTC
Instead of adding to the pile, the company shifted its focus entirely to tweaking its balance sheet. According to a new SEC filing, Strategy brought in $333.7 million by selling about 3.46 million MSTR common shares through its ongoing stock offering.
Put $149.1 million into cash, bringing their U.S. dollar reserve up to $4.80 billion—enough to comfortably cover roughly 2.8 years of preferred dividend payments.
Spent $132.2 million to repurchase nearly 1.39 million shares of STRC preferred stock to give the under-par security a boost.
Chipped in $52.4 million to pay out scheduled dividends to STRC investors.
#BTC #market #CryptoNews
$BTC