Last week, Strategy raised $333.7 million from the sale of common stock but did not buy bitcoin. Its holding of the first cryptocurrency remained unchanged at 840,447 $BTC.
According to an 8-K report filed with the U.S. Securities and Exchange Commission (SEC) on Monday, the company sold 346 million MSTR shares from to August through an at-the-market offering program.
Of the proceeds, $52.4 million was used to pay dividends on STRC preferred stock, which are paid twice a month, and $132.2 million was used to repurchase the same securities. Another $149.1 million was added to the company's dollar reserve.
During the week, the company repurchased about 1.39 million STRC shares worth $132.2 million. Strategy did not repurchase other preferred securities or common MSTR stock.
STRC shares fell 0.12% in premarket trading on Monday to $94.67. On Friday, they closed down 1.03% at $94.78, according to Yahoo Finance.
The company did not report any bitcoin purchases or sales during this period. Its 840,447 $BTC were acquired for a total of $63.36 billion, including fees and expenses, at an average price of $75,385 per coin.
As of Sunday, Strategy's dollar reserve stood at $4.80 billion. This amount included expected proceeds from share sales for which settlements were not yet complete. The reserve is intended for dividend payments on preferred stock and interest on outstanding debt.
Related: Saylor of Strategy Needs to Clarify Message on Transition to $BTC to Convince Investors: StanChart
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