Strategy Unloads $2 Billion in MicroStrategy Shares as Bitcoin Surpasses $80K

Strategy, Michael Saylor's firm, sold $2.01 billion worth of MicroStrategy Inc (MSTR) shares between August 17th and 23rd through its ATM program.

The sales generated $2.0065 billion in net proceeds, which Strategy used to repurchase its STRC preferred stock for about $136.4 million.

An additional $300 million was added to the firm's existing USD reserve, bringing it to approximately $5.1 billion.

The remaining proceeds were deposited into a newly established USD Cash account, which held $1.59 billion as of August 23rd.

This move is notable because Strategy had not purchased or sold Bitcoin (BTC) in the previous week, but instead used the ATM program to sell MSTR shares.