$2 Billion Raise: Strategy Sells MSTR Shares Amid Ongoing Bitcoin Holdings

Strategy, an entity that invests in Bitcoin and other assets, has sold approximately 18 million shares of its MSTR stock to raise $2 billion. The sales took place between August 17th and August 23rd.

The funds from the MSTR sales were allocated to several purposes: $300 million went into the USD Reserve, while $136.4 million was used for the repurchase of STRC preferred shares. During this time, Strategy also repurchased 1.43 million STRC shares.

In total, Strategy now has approximately $6.69 billion in dollar liquidity, consisting of $1.59 billion in USD Cash and $5.1 billion in its USD Reserve. It still has $516.6 million available for preferred-share repurchases and $1 billion available under its MSTR repurchase program.