Strategy sells $334 million in MSTR stock and repurchases $132 million of STRC

Strategy raised approximately $334 million from its MSTR at-the-market offering last week as the company continued using equity proceeds to support preferred-stock obligations, repurchases and its liquidity reserve, according to a Monday disclosure.

Of the proceeds, about $52.4 million went toward STRC dividends, $132.2 million funded STRC repurchases and $149.1 million was added to Strategy’s USD reserve. Its USD reserve increased to $4.8 billion as of Aug. 16, including unsettled ATM proceeds.

Strategy made no Bitcoin purchases or sales during the period, leaving its holdings at 840,447 BTC. The stash is valued at $53.4 billion at current market prices.

This is a developing story.

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