Strategy Unloads Bitcoin Holdings, Raises $653 Million from MSTR Shares

Strategy has made significant moves in its financial management, selling off a substantial portion of its Bitcoin holdings. Last week, it sold 1,690 BTC for $108.6 million, using the proceeds to repurchase 1.15 million STRC preferred shares.

The company also tapped into its MSTR shares, selling 6.59 million to raise $653.1 million. This influx of capital has been used to bolster its dollar reserve, which now stands at approximately $4.65 billion.

Strategy's Bitcoin holdings currently total 840,447 BTC, acquired at an average price of $75,385 per coin, with a total investment value of $63.36 billion.