Strategy Sells 1,638 Bitcoin and Raises $290.6 Million Through Stock Sales

Strategy ($MSTR) sold 1,638 bitcoin for net proceeds of $104.7 million and raised another $290.6 million through at-the-market sales of common stock during the week ended Aug. 2. The company used the proceeds to increase its U.S. dollar reserve, fund preferred dividends, repurchase STRC shares and add cash to its balance sheet.

• Strategy sold 3,011,361 MSTR shares, generating $290.6 million in net proceeds.
• Of those proceeds, $250 million went to the USD Reserve, $28.9 million funded STRC repurchases and $11.7 million was added to cash.
• The company sold 1,638 bitcoin at an average net price of $63,957, raising $104.73 million.
• Bitcoin-sale proceeds funded $52.4 million of preferred dividends and $52.3 million of STRC repurchases.
• Strategy held 842,138 bitcoin acquired for $63.51 billion, or an average of $75,419 per coin. Its USD Reserve totaled $4 billion.

Relevant Companies

• Strategy ($MSTR) – The transactions reduced bitcoin holdings while increasing liquidity and funding preferred-stock obligations.

Editor’s Note: This is a developing story. This article may be updated as more details become available.