🟠 Strategy sells 1,690 bitcoin, raises $653 million from MSTR shares
Bitcoin treasury firm Strategy (MSTR) had raised $108.6 million last week through the sale of 1,690 bitcoin and an additional $653.1 million from the sale of 6.59 million shares of common stock, according to a Monday filing.
The company used the bitcoin sale proceeds to repurchase 1,152,020 shares of its variable-rate preferred stock, STRC, for $108.6 million.
The bitcoin sales reduced Strategy’s holdings to 840,447 BTC, ac...