Strategy Unloads BTC, Raises $653 Million with MSTR Share Sale

Strategy, an investment vehicle focused on holding Bitcoin and MicroStrategy shares, made significant moves last week. It sold 1,690 BTC for $108.6 million, using the proceeds to purchase 1.15 million STRC preferred shares.

The company also offloaded 6.59 million MSTR shares, raising a substantial $653.1 million in the process. Much of this newly acquired capital was added to its dollar reserve, bringing the total to about $4.65 billion.

This influx of funds will provide Strategy with additional resources for various corporate needs, including dividends and share purchases.