Strategy Repurchases STRC Preferred Stock, Expands Dollar Reserve

Strategy, a business intelligence firm behind the largest corporate Bitcoin treasury, has made significant adjustments to its capital structure. The company sold 5,429,160 shares of its Class A common stock (MSTR) between July 20 and July 26 through its at-the-market (ATM) offering program, generating $544.5 million in net proceeds.

The MSTR share price was up over 2% in Monday's premarket activity, while the STRC preferred shares saw a 2.3% increase to $88.90 ahead of the Nasdaq open.

Strategy's recent moves aim to optimize its capital structure and expand its US dollar reserve, which now stands at $3.75 billion.