Strategy raises $334M through stock sales but buys no Bitcoin
CoinTelegraph2h agoUpdated 1h ago
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Proceeds funded STRC dividends and repurchases, while $149.1 million was added to Strategy’s US dollar reserve, which reached $4.8 billion.
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Strategy Leaves Bitcoin Untouched, Raises $334M Selling MSTR Stock
The Bitcoin treasury firm halted BTC sales after three weeks, with equity issuance covering dividends, a STRC buyback and the dollar reserve.
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No change in bitcoin holdings as Strategy boosted dollar reserve, bought back more STRC last week
Led by Executive Chairman Michael Saylor, the company raised $333.7 million via the sale of common stock.
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