Strategy: This Monday, it didn’t buy any Bitcoin at all, but instead sold stocks to raise more than $300 million.
From August 10 to 16, the company did not buy or sell any Bitcoin; its holdings stayed at 840,447 BTC, with a total purchase cost of $63.36 billion.
In the same week, Strategy sold about 3.46 million shares of MSTR via its ATM program, netting $333.7 million in fresh funds.
The bulk of this money was not used to add to its Bitcoin position.
Specifically, $132.2 million was used to repurchase STRC preferred shares, $52.4 million was paid out as dividends, and $149.1 million was used to increase its U.S. dollar reserves.
From August 10 to 16, the company did not buy or sell any Bitcoin; its holdings stayed at 840,447 BTC, with a total purchase cost of $63.36 billion.
In the same week, Strategy sold about 3.46 million shares of MSTR via its ATM program, netting $333.7 million in fresh funds.
The bulk of this money was not used to add to its Bitcoin position.
Specifically, $132.2 million was used to repurchase STRC preferred shares, $52.4 million was paid out as dividends, and $149.1 million was used to increase its U.S. dollar reserves.