Strategy Sells $395M in Bitcoin and MSTR Stock, Builds Cash Reserve and Boosts Dividends
Strategy sold about $395 million in Bitcoin and MSTR stock but did not use the proceeds to buy more Bitcoin. The company funded preferred dividends, repurchased STRC shares, and expanded its US dollar reserve to $4 billion. Last week it used $52.3 million from a Bitcoin sale and $28.9 million from MSTR issuance to buy back 912,143 STRC shares. It also raised $7.53 billion through July 26, largely to the US dollar reserve.