Strategy Buys 4,603 BTC Worth $369.7 Million Using MSTR Proceeds

Strategy, a company that raises funds through the sale of its common stock, has made significant investments in Bitcoin and STRC support using proceeds from recent MSTR sales. Over one week, Strategy sold $602.8 million worth of MSTR shares and allocated the funds among various uses.

The company purchased 4,603 BTC at an average price of $80,318, bringing its total holdings to 845,050 BTC. The purchase cost Strategy $369.7 million, with an average cost per BTC of $75,412.

In addition to Bitcoin purchases, Strategy used $202.5 million of the MSTR proceeds for STRC repurchases and dividends. This brings the company's remaining available funds under its preferred-stock repurchase program to $364.8 million.