Strategy Capital Raises $2.01B from MSTR Share Sales
Strategy Capital has raised $2.01 billion through the sale of MSTR shares over a week-long period in late August, significantly boosting its liquidity position.
The company used the funds to repurchase $136.4 million worth of STRC preferred shares and added $300 million to its existing USD Reserve, which now stands at $5.10 billion.
However, Strategy did not use the majority of the proceeds to purchase Bitcoin, instead allocating it to a newly created $1.59 billion USD Cash pool for flexible Bitcoin treasury purposes.