Strategy Raises $2 Billion Through MSTR Sales, Boosts Cash Reserves

Strategy, a company that manages Bitcoin and other assets, has raised about $2 billion through common stock sales. The funds were raised by selling 18.26 million MSTR shares between August 17th and August 23rd.

The company used the proceeds to increase its cash position to $6.69 billion. It also repurchased approximately 1.43 million STRC preferred shares for $136.4 million.

Strategy's Bitcoin holdings remained unchanged at 840,447 BTC during this period. The company has been building up its cash reserves in recent months, and now has a total of $6.69 billion in cash and cash equivalents.