Strategy sells $544.5 million in stock and repurchases STRC shares

Strategy sells $544.5 million in stock and repurchases STRC shares

The company still holds more Bitcoin than any other corporation, with its treasury valued at around $55 billion.

Strategy generated $544.5 million in net proceeds from selling about 5.4 million Class A shares through its ATM program between July 20 and July 26, the company disclosed Monday.

The world’s largest corporate Bitcoin holder also repurchased 288,930 STRC preferred shares for $25 million, while making no repurchases of common stock or other preferred share classes.

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Strategy sells $544.5 million in stock and holds Bitcoin steady

Strategy left its Bitcoin holdings unchanged during the period, with no BTC purchases or sales reported. The company has maintained a three-week streak of no Bitcoin transactions since reducing its holdings by 3,588 BTC in early July.

Strategy ended the week holding 843,775 Bitcoin, valued at approximately $55 billion at current market prices.

Regarding its cash reserve, Strategy reported a $3.75 billion US dollar reserve, up from $3.2 billion as of July 19. The firm retains $975 million in preferred stock repurchase authorization and $1 billion for common share buybacks.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.

Strategy sells $544.5 million in stock and repurchases STRC shares

Strategy sells $544.5 million in stock and repurchases STRC shares

The company still holds more Bitcoin than any other corporation, with its treasury valued at around $55 billion.

Strategy generated $544.5 million in net proceeds from selling about 5.4 million Class A shares through its ATM program between July 20 and July 26, the company disclosed Monday.

The world’s largest corporate Bitcoin holder also repurchased 288,930 STRC preferred shares for $25 million, while making no repurchases of common stock or other preferred share classes.

Advertisement

Strategy sells $544.5 million in stock and holds Bitcoin steady

Strategy left its Bitcoin holdings unchanged during the period, with no BTC purchases or sales reported. The company has maintained a three-week streak of no Bitcoin transactions since reducing its holdings by 3,588 BTC in early July.

Strategy ended the week holding 843,775 Bitcoin, valued at approximately $55 billion at current market prices.

Regarding its cash reserve, Strategy reported a $3.75 billion US dollar reserve, up from $3.2 billion as of July 19. The firm retains $975 million in preferred stock repurchase authorization and $1 billion for common share buybacks.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.