Strategy Sells $2 Billion Worth of Shares, Establishes New USD Cash Reserve
Strategy has raised over $2 billion by selling its own shares last week without liquidating any Bitcoin holdings. The company sold approximately 18 million MSTR shares at an average price of around $109.88 each and allocated the proceeds into a new liquidity account called USD Cash, which is intended for general Bitcoin treasury purposes such as acquiring more BTC or repurchasing stock. The firm also transferred part of the funds to its existing USD Reserve ($5.1 billion) used specifically for preferred dividends and debt interest payments. The newly created USD Cash reserve now holds $1.59 billion, offering management greater flexibility in responding to market conditions. Strategy's Bitcoin holdings remain unchanged at 840,447 BTC, with the current value of its position rising due to a recent rally in Bitcoin prices. The company has not purchased any new Bitcoin since June and has also paused share sales for two weeks after selling over $432 million worth of BTC earlier this year. Strategy's Bitcoin-related losses have significantly narrowed as BTC climbed above $78,000.
Tickers: $MSTR
Topics: bitcoin liquidity_management stock_sales