Strategy Raises $334M Through Stock Sales, No Bitcoin Purchases
Strategy has raised $334 million through stock sales, using the funds to boost its USD reserves to $4.8 billion while making no changes to its Bitcoin holdings. This follows a trend where Wall Street institutions increased their investments in Strategy's MSTR by $1.2 billion in Q2, just before the company shifted its focus towards supporting its stock.
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Wall Street piled $1.2 billion into MSTR in Q2 before Strategy turned its Bitcoin flywheel toward rescuing STRC
Wall Street institutions increased their exposure to Strategy's MSTR in the second quarter, just before Michael Saylor’s Bitcoin accumulation machine began redirecting capital toward STRC. On Aug. 18, Strategy said 12 of its 15 largest institutional shareholders increased their MSTR positions through June 30. The company said those additions lifted combined holdings by $1.2 billion. […] The post Wall Street piled $1.2 billion into MSTR in Q2 before Strategy turned its Bitcoin flywheel toward rescuing STRC appeared first on CryptoSlate .
Strategy raises $334M through stock sales but buys no Bitcoin
Proceeds funded STRC dividends and repurchases, while $149.1 million was added to Strategy’s US dollar reserve, which reached $4.8 billion.
No change in bitcoin holdings as Strategy boosted dollar reserve, bought back more STRC last week
Led by Executive Chairman Michael Saylor, the company raised $333.7 million via the sale of common stock.
Strategy sells $334 million in MSTR shares, makes no bitcoin purchases or sales as USD reserve hits $4.8 billion
Strategy's total holdings account for around 4% of the 21 million bitcoin supply cap — worth roughly $53.4 billion.