Strategy Leaves Bitcoin Untouched, Raises $334M Selling MSTR Stock

In brief

• Strategy made no Bitcoin purchases or sales in the week to August 16, leaving holdings at 840,447 BTC.
• It raised $333.7 million selling MSTR shares, splitting the proceeds between preferred dividends, a STRC buyback and its dollar reserve.
• The firm's USD reserve reached $4.8 billion, with $653 million left under the preferred repurchase program.

Strategy made no Bitcoin purchases or sales last week, according to an 8-K filed Monday, ending a run of weekly disposals that had funded its dividends and buybacks since June. Its stack stands at 840,447 BTC, unchanged, at an average purchase price of $75,385.

The Bitcoin treasury company instead raised $333.7 million net by selling 3,458,866 MSTR shares, at an average of about $96.48, down from $99.17 the week before. The filing splits the proceeds three ways: $52.4 million to pay dividends on its STRC preferred stock, $132.2 million to buy that stock back, and $149.1 million into its dollar reserve.

That buyback took in 1,388,720 STRC shares and leaves $653 million of the $1 billion Digital Credit Securities Repurchase Program announced on June 29. A separate $1 billion authorization covering MSTR stock remains untouched. The dollar reserve, which Strategy holds against preferred dividends and interest, reached $4.8 billion, up from $4.65 billion a week earlier.