Strategy Raises Dollar Reserve to $4.65B, Sells Bitcoin to Repurchase STRC Shares

Strategy Inc. (Nasdaq: MSTR) increased its U.S. dollar reserve by $650 million and sold approximately $109 million of Bitcoin to fund repurchases of its Series A Perpetual Stretch Preferred Stock (Nasdaq: STRC), according to a regulatory filing Monday.

During the week ended Aug. 9, Strategy sold approximately 6.59 million shares through its at-the-market offering program, generating about $653.1 million in net proceeds. The company allocated $650 million to its U.S. dollar reserve and added the remaining $3.1 million to cash.

In a separate transaction, Strategy sold approximately 1,900 Bitcoin at an average price of $64,262 per Bitcoin, generating roughly $108.6 million in net proceeds.

Strategy used those proceeds to repurchase approximately 1.15 million STRC shares for $108.6 million.

Following the transactions, Strategy held approximately 840,450 Bitcoin acquired for an aggregate purchase price of $63.36 billion, or an average of $75,385 per Bitcoin.

The company’s U.S. dollar reserve increased to $4.65 billion. Strategy established the reserve to support preferred-stock dividend payments and interest obligations on its outstanding debt.

Strategy said the latest transactions increased its USD Duration to 2.7 years and tightened its STRC BTC Credit by 10 basis points.

The company also reported approximately $22.04 billion of remaining capacity under its common-stock at-the-market offering program and more than $25.2 billion of combined capacity across its preferred-stock offering programs.

Following the STRC purchases, Strategy had approximately $785.2 million of authorization remaining under its Digital Credit Securities Repurchase Program and $1 billion remaining under its MSTR Stock Repurchase Program.