Strategy skips Bitcoin purchase after raising $333.7M from MSTR sales

Strategy has raised $333.7 million through common stock sales without buying or selling Bitcoin last week, leaving its holdings unchanged at 840,447 BTC. Summary Strategy raised $333.7 million from MSTR stock sales between Aug. 10 and Aug. 16. The company made no Bitcoin purchases or sales, keeping its holdings at 840,447 BTC. Strategy spent $132.2 million repurchasing STRC shares and $52.4 million on STRC dividends. Another $149.1 million was added to its U.S. dollar reserve, taking the total to $4.80 billion. According to a Form 8-K filed with the U.S. Securities and Exchange Commission on Aug. 17, Strategy sold 3.46 million MSTR shares between Aug. 10 and Aug. 16 through its at-the-market offering program. The company used $52.4 million of the proceeds to fund twice-monthly dividends on its Variable Rate Series A Perpetual Stretch Preferred Stock, or STRC. Another $132.2 million went toward STRC repurchases, while $149.1 million was added to its U.S. dollar reserve. Strategy reported no Bitcoin purchases or sales during the seven-day period, a week after it sold Bitcoin to help finance another round of STRC repurchases. Strategy uses MSTR proceeds for STRC buybacks During the la...