Strategy Buys 4,603 Bitcoin for $370 Million

By: Matthew Kerr, Quiver Data Analyst

Strategy ($MSTR) purchased 4,603 Bitcoin for $369.7 million between Aug. 24 and Aug. 30, according to an SEC filing Monday, while simultaneously using proceeds from common-stock sales to repurchase preferred shares, fund dividends and increase its cash liquidity. The company now holds 845,050 Bitcoin acquired for approximately $63.73 billion.

• Strategy paid an average $80,318 per Bitcoin for the latest purchase, including fees and expenses.
• The company's 845,050 Bitcoin were acquired at an aggregate average price of $75,412 per Bitcoin.
• Strategy sold 4,531,421 MSTR shares through its at-the-market program, generating $602.8 million in net proceeds.
• Of those proceeds, $369.7 million funded Bitcoin purchases, $151.8 million funded repurchases of 1,557,177 STRC preferred shares, $50.7 million funded STRC dividends and $30 million was added to USD Cash.
• Strategy reported $5.10 billion in its USD Reserve and $1.61 billion in USD Cash as of Aug. 30.
• The company still has $19.09 billion of MSTR available for issuance under its ATM program and its separate $1 billion MSTR repurchase authorization remains unused.

Relevant Companies

• Strategy ($MSTR) - The company issued common shares to fund Bitcoin purchases, preferred-stock repurchases, dividends and additional liquidity.

Editor’s Note: This is a developing story. This article may be updated as more details become available.

Matthew Kerr is a data analyst at Quiver Quantitative, with a focus on single-stock research and government datasets. Prior to joining Quiver, Matthew was an analyst intern at BlackRock.