Strategy Raises $2 Billion Through MSTR Sales, Skips Bitcoin Purchases
Strategy said the new liquidity pool and reserve give it $6.69 billion in dollar liquidity for bitcoin buys, debt repayment and share repurchases.
- On Monday, Bitcoin treasury firm Strategy filed that it raised approximately $2 billion last week by selling 18.26 million shares of common stock, boosting total dollar liquidity to $6.69 billion.
- The company directed $300 million of the proceeds to its USD Reserve and placed about $1.59 billion into a newly established USD Cash account, creating a combined $6.69 billion cash position.
- Management used $136.4 million to repurchase roughly 1.43 million shares of STRC preferred stock during the week, continuing capital management efforts tied to dividend obligations.
- Strategy left its Bitcoin holdings unchanged at 840,447 BTC for a second consecutive week, maintaining a valuation of $65.6 billion despite the common stock sales.
- The new cash pool provides flexibility for potential Bitcoin acquisitions, debt repayment or securities repurchases, though the firm has not committed the balance to any specific purpose.
14 Articles
14 Articles
Strategy raises $2 billion through MSTR sales, skips Bitcoin purchases
Strategy has raised about $2 billion through common stock sales while leaving its Bitcoin holdings unchanged at 840,447 BTC and increasing its total cash position to $6.69 billion. A Monday filing with the U.S. Securities and Exchange Commission showed the…
MSTR stock rises as Strategy holds Bitcoin, builds $1.59B cash pool
Strategy (formerly known as Microstrategy) MSTR did not buy any Bitcoin last week, but the company used a roughly $2 billion stock sale to strengthen its liquidity position as the cryptocurrency rallied sharply. Bitcoin rose nearly 25% over the past week and traded around $78,700 after coming near $80,000 on Monday. Strategy shares gained about 7.2% on Monday before losing most of the gains and was trading 2.5% higher. The shares were up 34% ove…
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