Strategy Completes Bitcoin Sale, Raising $653 Million from Share Offering
<p>Strategy (MSTR) recently completed a two‑part financing transaction, raising $108.6 million from the sale of 1,690 Bitcoin and an additional $653.1 million from the sale of 6.59 million shares of its common stock, according to a filing released on Monday.</p>
<p>The proceeds from the Bitcoin sale were used to repurchase 1,152,020 shares of its variable‑rate preferred stock, STRC, for $108.6 million.</p>
<p>Following the transactions, Strategy’s Bitcoin holdings stand at 840,447 BTC, which were originally purchased for $63.36 billion at an average price of $75,385 per coin. The 1,690 Bitcoin sold fetched an average of $64,262 each, net of fees.</p>
<p>The company allocated $650 million of the common‑stock proceeds to its USD reserve, bringing the reserve balance to $4.65 billion as of August 9, while the remaining $3.1 million was added to cash.</p>
<p>The latest actions leave $785.2 million available under the preferred‑stock repurchase program and $1 billion under the common‑stock repurchase program.</p>
<p>Both MSTR and STRC rose 0.5 % in Monday pre‑market trading, and Bitcoin was trading around $65,000.</p>
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<p><a href="https://www.coindesk.com/markets/2026/08/10/strategy-sells-1-690-bitcoin-raises-usd653-million-from-mstr-shares">Source link </a></p>
