Strategy holds Bitcoin, sells shares, boosts USD reserves
6.7 Investments Strategy held 840,447 BTC, raised $333.7M via share sales, repurchased $132.2M in STRC, and increased USD reserves to $4.8B, signaling stability and possible future BTC buys.
Strategy maintained its Bitcoin holdings at 840,447 BTC last week, with no purchases or sales. The average acquisition price remained at $75,385 per coin, resulting in a total cost basis of $63.36 billion. The company raised approximately $333.7 million by selling 3.46 million shares of MSTR common stock. Proceeds were used to repurchase $132.2 million in STRC preferred stock, fund $52.4 million in STRC dividends, and increase U.S. dollar reserves by about $150 million, bringing the total to $4.8 billion. These actions extended the company's USD reserve duration to 2.8 years and reinforced support for its preferred stock. No Bitcoin was sold this week, and the company signaled potential future purchases. The market responded with a slight increase in STRC's price and greater confidence in the company's financial stability.
