Strategy Raises $544.5M Through MSTR Sales, Invests in Bitcoin

Strategy, a company that invests in Bitcoin and other assets, has raised $544.5 million through the sale of MSTR shares between July 20 and July 26.

The company used the funds to buy back its own STRC preferred stock for $25 million and maintained its position at 843,775 BTC in its portfolio.

Strategy's Bitcoin investment is worth a total of $63.69 billion, with an average acquisition cost of $75,476 per BTC.

The company's U.S. dollar reserve increased to $3.75 billion during this period and will not be used for future STRC repurchases.

Strategy plans to continue buying back its preferred shares when they trade below $100 per share, using funds from additional MSTR sales or Bitcoin sales if necessary.