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. Summary Strategy raised about $2 billion by selling 18.26 million MSTR shares between Aug. 17 and Aug. 23. Total cash across its reserve and new cash account reached $6.69 billion. The company spent $136.4 million repurchasing about 1.43 million STRC preferred shares. Strategy made no Bitcoin purchases or sales, leaving its holdings unchanged at 840,447 BTC. A Monday filing with the U.S. Securities and Exchange Commission showed the Bitcoin treasury company sold about 18.26 million MSTR shares between Aug. 17 and Aug. 23 through its at-the-market offering program. Most of the proceeds were kept in cash after Strategy used $136.4 million to repurchase roughly 1.43 million shares of its STRC perpetual preferred stock. Another $300 million was transferred to the company’s existing U.S. dollar reserve, while about $1.59 billion went into a newly established U.S. dollar cash account. The transactions left Strategy with $5.1 billion in its U.S. dollar reserve and $1.59 billion in the new cash pool as of Aug. 2...