Strategy Inc. (NASDAQ: $MSTR) sold 1,638 Bitcoin and more than 3 million common shares last week, extending a capital overhaul that is directing fresh liquidity toward reserves, dividends and preferred-stock support.
The Bitcoin sale raised $104.73 million at an average price of $63,957 per token between July 27 and August 2. Strategy used $52.4 million to fund preferred-stock dividends and another $52.3 million to repurchase shares of its Variable Rate Series A Perpetual Stretch Preferred Stock, or STRC (NASDAQ: $STRC).
The company ended the period with 842,138 Bitcoin acquired for $63.51 billion, placing its average purchase price at $75,419. Its latest sale therefore came below the aggregate cost attached to the remaining reserve, though the company still controls roughly 4% of Bitcoin's fixed supply.
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The Bitcoin sale raised $104.73 million at an average price of $63,957 per token between July 27 and August 2. Strategy used $52.4 million to fund preferred-stock dividends and another $52.3 million to repurchase shares of its Variable Rate Series A Perpetual Stretch Preferred Stock, or STRC (NASDAQ: $STRC).
The company ended the period with 842,138 Bitcoin acquired for $63.51 billion, placing its average purchase price at $75,419. Its latest sale therefore came below the aggregate cost attached to the remaining reserve, though the company still controls roughly 4% of Bitcoin's fixed supply.
More From Cryptoprowl:
Ramp Network Brings Multichain Wallet and Rewards to EU
#strategy #NASDAQ #shares #sale
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