Strategy raises $2.01 billion through MSTR share sales

Strategy raised $2.01 billion net by selling 18,261,118 MSTR shares last week. The average sale price was about $109.88 per share. Strategy placed $1.57 billion of the proceeds into its new USD Cash account. Strategy used $136.4 million to buy back STRC preferred stock. Strategy placed $300 million into its existing dollar reserve. USD Cash may fund Bitcoin purchases, preferred dividends, interest payments, share repurchases, debt repayment, and additions to the dollar reserve. The account held $1.59 billion as of August 23. Strategy's separate USD Reserve held $5.1 billion and was designated for preferred dividends and debt interest. Strategy's Bitcoin holdings remained at 840,447 BTC, acquired for $63.36 billion at an average price of $75,385. Strategy has not bought Bitcoin since June. The company has sold 6,948 BTC for about $432.5 million since May. Strategy's STRC buyback covered 1,431,212 shares and left $516.6 million in its repurchase program. A separate $1 billion authorization for MSTR stock remained unused.