Hassan Maishera
TL;DR
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Strategy sold 1,638 BTC last week, raising $104.73 million.
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The company also generated $290.6 million through the sale of common stock.
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Bitcoin holdings declined to 842,138 BTC, while cash reserves increased to $4 billion.
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Strategy repurchased 912,143 STRC preferred shares for $81.2 million.
Strategy (NASDAQ: MSTR) raised nearly $395 million last week after selling a portion of its Bitcoin holdings and issuing additional common stock, according to a filing with the U.S. Securities and Exchange Commission (SEC) on Monday.
The company sold 1,638 Bitcoin, generating $104.73 million, while an additional $290.6 million was raised through the sale of common shares.
Bitcoin Holdings Fall to 842,138 BTC
Following the transaction, Strategy's Bitcoin treasury declined to 842,138 BTC. The company disclosed that it has acquired its Bitcoin holdings for a cumulative $63.51 billion, representing an average purchase price of $75,419 per BTC.
Despite reducing its Bitcoin position, the sale increased Strategy's U.S. dollar reserves by $250 million, bringing its total cash reserve to approximately $4 billion.
In addition to the fundraising activities, Strategy repurchased 912,143 shares of its high-yield preferred stock, STRC, for $81.2 million.
The buyback forms part of the company's capital management strategy while it continues to balance Bitcoin exposure with shareholder returns.
Company Maintains 12% STRC Dividend
Over the weekend, Strategy confirmed that it will maintain STRC's 12% annual dividend rate.
The company said it does not currently intend to recommend lowering the dividend until STRC shares consistently trade close to their $100 stated value.
The announcement provides reassurance to income-focused investors despite recent volatility in the company's shares and the broader cryptocurrency market.
