Strategy splits $603 million share sale between Bitcoin purchases and STRC support

Strategy raised $602.8 million by selling 4,531,421 MSTR common shares in one week, then split the proceeds among a renewed Bitcoin purchase, support for its STRC preferred stock, and additional cash.

The company's Aug. 31 filing attributed $369.7 million to buying Bitcoin, $151.8 million to repurchasing 1,557,177 STRC shares, $50.7 million to STRC dividends, and $30 million to its USD Cash account.

STRC is variable-rate cumulative perpetual preferred stock. The transaction shows Strategy using new common-stock proceeds for both Bitcoin accumulation and preferred-stock support.

The four disclosed uses total $602.2 million, $0.6 million below the filing's rounded $602.8 million net-proceeds figure. The filing reports each amount to one decimal place but does not separately reconcile the difference.

Bitcoin remained the largest destination

Strategy bought 4,603 BTC from Aug. 24 through Aug. 30 at an average price of $80,318, inclusive of fees and expenses. The purchase lifted its holdings from 840,447 BTC to 845,050 BTC, according to the filing and its official Bitcoin ledger.

The company reported an aggregate purchase cost of $63.73 billion and an average cost of $75,412 per BTC for the full position.