Strategy Inc. Boosts USD Reserve to $5.10 Billion After Raising $2.01 Billion
Strategy Inc., the world's largest Bitcoin treasury company, has boosted its USD Reserve to $5.10 billion after raising approximately $2.01 billion by selling 18.26 million shares of its Class A common stock (MSTR) under its at-the-market offering program between August 17 and August 23.
The company also established a new $1.59 billion USD Cash liquidity pool and repurchased $136.4 million of its STRC preferred stock, with 1.43 million shares being bought back. This completed $483.4 million of buybacks under the company's Digital Credit Capital Framework.
Strategy Inc.'s total dollar liquidity now stands at $6.69 billion, with its Bitcoin holdings remaining unchanged at 840,447 BTC, acquired at an aggregate cost of $63.36 billion or an average of $75,385 per bitcoin. The added flexibility to the USD Cash account will allow management to respond more quickly to market conditions.