Strategy Raises $334M While Bitcoin Holdings Remain Unchanged
Strategy has raised $334 million through stock sales, using the funds to boost its US dollar reserves to $4.8 billion and repurchase shares, without altering its Bitcoin holdings. Over the past year, its preferred stock has gained 9%, contrasting with a 47% drop in Bitcoin's value, highlighting a significant performance gap.
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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.
Saylor: Bitcoin Drops 47% While Strategy’s STRC Gains 9% in a Year
Michael Saylor said Strategy’s STRC preferred stock gained 9% over one year while bitcoin lost 47%. The chart leaves out the company’s common stock, which closed roughly 76% below its level a year earlier. STRC Outperforms as Bitcoin Declines STRC outpaced bitcoin by 56 percentage points over the past year, according to a one-year return […]