Strategy splits $602.8 million share-sale proceeds between Bitcoin and STRC support

Strategy allocated $602.8 million from MSTR common-share sales to Bitcoin purchases, STRC support, and cash. The company sold 4,531,421 MSTR common shares in one week. The filing allocated $369.7 million to buying Bitcoin. It allocated $151.8 million to repurchasing 1,557,177 STRC shares. It allocated $50.7 million to STRC dividends. It allocated $30 million to its USD Cash account. The disclosed uses totaled $602.2 million. That total was $0.6 million below the filing's rounded net-proceeds figure. The filing did not separately reconcile the difference. Strategy bought 4,603 BTC from Aug. 24 through Aug. 30. The purchase had an average price of $80,318 per BTC, including fees and expenses. Strategy held 840,447 BTC before the purchase. Its holdings reached 845,050 BTC after the purchase. The company reported an aggregate purchase cost of $63.73 billion. It reported an average cost of $75,412 per BTC for the full position. An Aug. 24 filing reported no Bitcoin purchases or sales during the prior weekly period. Strategy sold no preferred shares through its at-the-market programs during the latest period. It used $202.5 million of the MSTR proceeds for STRC repurchases and dividends. The company said $364.8 million remained available under its wider preferred-stock repurchase program after the buyback. Strategy said USD Cash may support Bitcoin purchases, reserve expansion, capital management, and similar corporate purposes. USD Cash is separate from the USD Reserve. The USD Reserve is intended to support preferred dividends and interest on outstanding debt. Strategy reported $1.61 billion of USD Cash as of Aug. 30. It reported a $5.1 billion USD Reserve on the same date. Both balances included expected proceeds from at-the-market shares sold but not yet settled.