The Bitcoin treasury company instead raised $333.7 million net by selling 3,458,866 MSTR shares, at an average of about $96.48, down from $99.17 the week before. The filing splits the proceeds three ways: $52.4 million to pay dividends on its STRC preferred stock, $132.2 million to buy that stock back, and $149.1 million into its dollar reserve.
That buyback took in 1,388,720 STRC shares and leaves $653 million of the $1 billion Digital Credit Securities Repurchase Program announced on June 29. A separate $1 billion authorization covering MSTR stock remains untouched. The dollar reserve, which Strategy holds against preferred dividends and interest, reached $4.8 billion, up from $4.65 billion a week earlier.
The selling pauses
