MSTR Strategy Sells $108 Million in Bitcoin, Raises Additional $653 Million

Strategy, the company behind the ticker MSTR, recently sold 1,690 Bitcoin between August 3 and August 9 at an average price of $64,262, generating a total of $108.6 million.

This move was part of a larger financial strategy for Strategy, which also involved selling common stock through its at-the-market program.

The proceeds from the MSTR share sales totaled $653.1 million, with $650 million being directed to Strategy's U.S. dollar reserve, bringing it to $4.65 billion as of August 9.