MSTR sells shares, nets $333.7M and repurchases $132.2M STRC stock
MicroStrategy (MSTR) sells 3.46M Class A shares for $333.7M net proceeds and repurchases $132.2M of STRC stock, per an SEC filing that also cites strategy holdings as of Aug. 16.
Story updates
12:03:39 PM UTC
SquawkNews
MSTR - STRATEGY SELLS $334M STOCK, BUYS NO BITCOIN Strategy sold 3.46M shares, raising $333.7M through its ATM program last week. The company made no Bitcoin purchases, keeping holdings unchanged at 840,447 BTC, acquired for $63.36B at an average $75,385 per BTC. Strategy used proceeds to fund preferred dividends, repurchase $132.2M of STRC shares, and boost its cash reserves. Its USD reserve now stands at $4.8B.
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