Strategy Sells $395 Million in Bitcoin and MSTR Stock for Cash Reserves

Strategy has been selling Bitcoin and MSTR stock to buy back STRC shares and build its cash reserve. In just one week, it sold 1,638 BTC for $104.7 million and issued about 3.01 million MSTR common shares for another $290.6 million.

The company used nearly $395 million raised from these sales to fund preferred dividends, repurchase STRC shares, and complete the expansion of its US dollar reserve to $4 billion.

Strategy's goal is to restore STRC's price to par by September, which would allow it to issue new shares at a lower price and deploy the proceeds across its capital structure. This financing channel has become increasingly important for the company as preferred securities assume a larger role in funding its balance sheet.