Strategy raises $2.01 billion as BitMine buys 32,447 ETH

Strategy sold 18.26 million MSTR shares for about $2.01 billion in net proceeds between Aug. 17 and Aug. 23. Strategy did not add to its Bitcoin holdings during the rally. Strategy placed $300 million in its USD Reserve. Strategy used $136.4 million to repurchase STRC preferred shares. Strategy's dollar liquidity reached $6.69 billion on Aug. 23. The liquidity included $5.10 billion in its reserve. The liquidity included $1.59 billion in a new cash pool. Bitcoin gained more than 20% and approached $80,000 last week. Ethereum gained about 30% and moved above $2,400. The rally attracted $2.6 billion in ETF inflows. BitMine bought 32,447 ETH during the week. BitMine's holdings reached 5.85 million ETH on Aug. 23. The holdings represented about 4.8% of Ethereum's circulating supply. BitMine had about 5.07 million ETH staked, or roughly 87% of its treasury. Tom Lee said annualized staking revenues were projected at $330 million.