Strategy Unveils Massive Capital Moves Amid Ongoing Bitcoin Holdings Steadfast

Strategy, a business intelligence firm and one of the largest corporate Bitcoin treasuries, made significant moves in its capital structure last week. The company combined common stock sales with buybacks of its preferred shares, raising $544.5 million in net proceeds through its at-the-market (ATM) program between July 20 and July 26.

During the same period, Strategy repurchased 288,930 shares of its STRC preferred stock for $25 million. The company's U.S. dollar reserve increased to $3.75 billion as of July 26, up from $3.225 billion the previous week. Despite this capital activity, Strategy reported no Bitcoin buys or sales for July 20-26, keeping its holdings steady at 843,775 BTC.

The company's moves were carried out through its ATM offering program and preferred share repurchases, which altered its balance-sheet composition. The preferred shares of STRC saw a boost in price after the news, up about 2.3% to $88.90 ahead of the Nasdaq open. Strategy's common shares also rose during Monday's premarket activity.