Strategy Sells MSTR Shares without Buying More Bitcoin
Strategy sold approximately $333.7 million of its common stock last week but made no changes to its Bitcoin holdings, using the proceeds instead to fund preferred-stock obligations and repurchases.
The company sold 3,458,866 MSTR shares between Aug. 10 and Aug. 16, according to a regulatory filing.
Unlike many previous equity sales, none of the proceeds were used to purchase additional Bitcoin during the period.