Strategy sold 2,051,348 MSTR shares this week, raising net proceeds of $283.8 million. The money was used to buy Bitcoin and repurchase STRC preferred stock, with $13.6 million added to its U.S. dollar cash account.
As of November 8, additional U.S. dollar cash had risen to $146.2 million. After paying $21.1 million in preferred stock dividends this week, its U.S. dollar reserve stood at $4.77 billion.
· About $560.3 million remains available under the preferred stock repurchase plan, and $1 billion remains under the MSTR stock buyback plan.
· Net proceeds are after expenses and don’t mean the entire amount is available to buy Bitcoin.
When a company raises money by selling shares and then buys Bitcoin, do you look first at its U.S. dollar reserves or the amount of its buyback capacity used?
$BTC
As of November 8, additional U.S. dollar cash had risen to $146.2 million. After paying $21.1 million in preferred stock dividends this week, its U.S. dollar reserve stood at $4.77 billion.
· About $560.3 million remains available under the preferred stock repurchase plan, and $1 billion remains under the MSTR stock buyback plan.
· Net proceeds are after expenses and don’t mean the entire amount is available to buy Bitcoin.
When a company raises money by selling shares and then buys Bitcoin, do you look first at its U.S. dollar reserves or the amount of its buyback capacity used?
$BTC
