Strategy Piles on Bitcoin Holdings with $370M Purchase

Strategy Inc., the company behind the $MSTR ticker, acquired 4,603 Bitcoin for approximately $369.7 million between August 24th and 30th.

The purchase was made using proceeds from common-stock sales through its at-the-market program, generating a net gain of $602.8 million.

Of the total amount raised, $369.7 million was used to buy Bitcoin, while $151.8 million funded the repurchase of 1,557,177 STRC preferred shares.

The company also allocated $50.7 million for STRC dividends and added $30 million to its USD Cash reserves.