Strategy Unloads $333M in MSTR Shares Amid Retained Bitcoin Holdings

Strategy, the bitcoin treasury company, sold approximately $333.7 million worth of MSTR shares between August 10 and August 16. This sale was announced in an 8-K filing with the Securities and Exchange Commission on Monday.

The net proceeds from this sale were used to fund dividends on Strategy's STRC preferred stock ($52.4 million), repurchases of STRC under its Digital Credit Securities Repurchase Program ($132.2 million), and increasing its USD reserve to $4.8 billion ($149.1 million).

Strategy has retained its bitcoin holdings at 840,447 BTC, worth around $53.4 billion, but with a paper loss of around $10 billion due to current prices.