Strategy Sells $105M in Bitcoin, Repurchases STRC Amid Capital Raises

Strategy, the company behind the MSTR ticker, made significant moves in its Bitcoin and STRC holdings last week. The firm sold $105 million worth of BTC, reducing its total holdings to 842,138 units acquired at an average price of $75,419.

The sale was part of a larger effort to raise capital, as Strategy also raised $104.73 million through the sale of 1,638 Bitcoin and another $290.6 million via common stock sales.

In addition, the company repurchased 912,143 shares of STRC for $81.2 million, bolstering its USD reserve by $250 million and bringing the total to $4 billion.

Strategy maintains a 12% annual dividend rate on STRC, stating it does not intend to recommend a reduction unless the shares trade near their stated value of $100.