Strategy raised over $2 billion by selling about 18 million MSTR shares through its ATM program between August 17 and August 23, using part of the proceeds to repurchase preferred stock and bolster its dollar liquidity.
The company did not buy or sell any Bitcoin during the period, leaving its holdings at 840,447 BTC. Strategy’s Bitcoin stash carries an aggregate purchase price of $63.36 billion, or an average cost of $75,385 per BTC.
Strategy ended the period with $1.59 billion in USD Cash and $5.1 billion in its USD Reserve. The company established USD Cash as a new component of its Digital Credit Capital Framework, giving management a more flexible pool of dollars that can be used for Bitcoin purchases, dividends, interest payments, share repurchases, convertible-note repayments or redemptions and other treasury purposes.
From the latest MSTR issuance, $300 million went into the USD Reserve, while $136.4 million funded the repurchase of STRC preferred shares. The remaining net proceeds increased the new USD Cash account. Strategy said the added flexibility is intended to help it respond more quickly to market conditions, including dislocations in bitcoin and its own securities.
During the week, Strategy repurchased 1.43 million STRC shares for $136.4 million.
