Strategy Sells $333.7M in MSTR Shares, Boosts USD Reserve

Strategy, a Bitcoin treasury company, has sold approximately $333.7 million worth of MSTR shares between August 10 and August 16, according to an 8-K filing with the Securities and Exchange Commission.

The firm did not buy or sell any BTC during this period, and used the net proceeds from the MSTR sales to fund dividends on Strategy's STRC preferred stock, repurchases of STRC under its Digital Credit Securities Repurchase Program, and to increase its USD reserve to $4.8 billion.

Strategy has retained its Bitcoin holdings at 840,447 BTC, worth around $53.4 billion, bought at an average price of $75,385 per bitcoin for a total cost of around $63.4 billion, including fees and expenses.