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Strategy has raised $333.7 million through common stock sales without buying or selling Bitcoin last week, leaving its holdings unchanged at 840,447 BTC.<\/p>\n
\n Summary<\/span>\n <\/p>\n <\/p>\n According to a Form 8-K filed<\/a> with the U.S. Securities and Exchange Commission on Aug. 17, Strategy sold 3.46 million MSTR shares between Aug. 10 and Aug. 16 through its at-the-market offering program.<\/p>\n The company used $52.4 million of the proceeds to fund twice-monthly dividends on its Variable Rate Series A Perpetual Stretch Preferred Stock, or STRC. Another $132.2 million went toward STRC repurchases, while $149.1 million was added to its U.S. dollar reserve.<\/p>\n Strategy reported no Bitcoin purchases or sales during the seven-day period, a week after it sold Bitcoin to help finance another round of STRC repurchases.<\/p>\n During the latest reporting period, Strategy repurchased about 1.39 million STRC shares for $132.2 million under its Digital Credit Securities Repurchase Program.<\/p>\n The company made no repurchases of its STRF, STRK or STRD preferred securities and did not buy back any MSTR common stock.<\/p>\n Following the STRC purchases, Strategy had about $653 million remaining under its $1 billion preferred securities repurchase authorization. Another $1 billion remained available under its separate common stock repurchase program.<\/p>\n Both programs were established under a capital framework approved in late June. As previously reported by crypto.news<\/a>, Strategy\u2019s board authorized up to $2 billion in security repurchases on June 29, split evenly between MSTR common stock and its preferred securities.<\/p>\n The same framework allowed the company to sell up to $1.25 billion of Bitcoin to fund its U.S. dollar reserve, preferred dividends, interest payments and security repurchases. The authorization did not represent a completed Bitcoin sale and gave Strategy the option to use its BTC holdings as a source of liquidity when required.<\/p>\n <\/p>\n STRC, meanwhile, remained below its $100 par value. The preferred stock closed Friday at $94.78, down 1.03% during the session, and fell another 0.12% to $94.67 in Monday premarket trading, according to Yahoo Finance.<\/p>\n Strategy has been using several measures to support the preferred security after it fell well below par earlier this year. In June, CEO Phong Le personally bought $1 million of STRC and said he planned to hold the position until the security returned to par, likely longer.<\/p>\n At the time, Strategy had raised $335.5 million through MSTR sales and increased its dollar reserve to $1.4 billion, according to coverage published in June<\/a>. STRC was trading below $90 when Le disclosed the purchase.<\/p>\n Strategy\u2019s decision not to buy Bitcoin last week came immediately after two consecutive weeks of BTC sales.<\/p>\n Between Aug. 3 and Aug. 9, the company sold 1,690 BTC for $108.6 million at an average price of $64,262 per coin. Strategy used the entire amount to repurchase about 1.15 million STRC shares.<\/p>\n The Bitcoin-funded STRC buyback<\/a> reduced Strategy\u2019s holdings to the current 840,447 BTC, while MSTR sales during the same week generated another $653.1 million. Of that amount, $650 million was directed to the dollar reserve and $3.1 million was added to unrestricted cash.<\/p>\n Strategy had sold another 1,638 BTC between July 27 and Aug. 2 for $104.7 million. Proceeds from that transaction were split between $52.4 million in STRC dividends and $52.3 million in preferred stock repurchases.<\/p>\n The two sales followed Strategy\u2019s first Bitcoin disposal since December 2022. Between May 26 and May 31, the company sold 32 BTC for about $2.5 million, with the proceeds expected to help cover preferred stock distributions.<\/p>\n\n\n
Strategy uses MSTR proceeds for STRC buybacks<\/h2>\n
Strategy Bitcoin holdings remain at 840,447 BTC<\/h2>\n