Strategy raised $333.7 million through common stock sales last week but did not purchase any additional Bitcoin, leaving its total holdings unchanged at 840,447 BTC.
The company disclosed the activity in a Monday 8-K filing with the U.S. Securities and Exchange Commission.
Strategy Sells 3.46 Million MSTR Shares
Between Aug. 10 and Aug. 16, Strategy sold approximately 3.46 million MSTR shares through its at-the-market offering program.
The capital raised was directed toward preferred-stock obligations, share repurchases and the company’s growing U.S. dollar reserve.
Despite raising hundreds of millions of dollars, none of the proceeds were used to acquire more Bitcoin during the period.
Proceeds Used for STRC Dividends and Buybacks
Of the total proceeds, around $52.4 million was allocated to fund the twice-monthly dividend payments on Strategy’s STRC preferred stock.
Another $132.2 million was used to repurchase STRC shares.
During the week, the company bought back approximately 1.39 million STRC shares for that amount.
Strategy did not repurchase any of its other preferred securities or its MSTR common stock during the reporting period.
Dollar Reserve Increases to $4.8 Billion
Strategy added approximately $149.1 million from the stock-sale proceeds to its U.S. dollar reserve.
As of Sunday, the company’s cash reserve stood at about $4.8 billion.
That figure also included expected proceeds from stock sales that had been completed but had not yet settled.
The reserve is designed primarily to support dividend payments on preferred shares as well as interest obligations related to the company’s outstanding debt.
Strategy Makes No New Bitcoin Purchase
Strategy reported no Bitcoin purchases or sales during the week.
Its cryptocurrency holdings therefore remained unchanged at 840,447 BTC.
The company has spent a total of approximately $63.36 billion acquiring its Bitcoin position, including fees and other expenses.
That represents an average purchase price of roughly $75,385 per Bitcoin.
STRC Shares Trade Slightly Lower
STRC shares traded around 0.12% lower at $94.67 in Monday premarket activity after closing Friday down 1.03% at $94.78.
The preferred stock remains an important part of Strategy’s financing structure, allowing the company to raise capital while managing its broader Bitcoin-focused corporate strategy.
Strategy Balances Bitcoin Holdings and Liquidity
The latest filing highlights Strategy’s focus on maintaining liquidity while meeting dividend and debt obligations.
Although the company continues to hold one of the largest corporate Bitcoin positions, it chose not to increase that exposure during the latest reporting period.
Instead, the new capital was directed toward STRC dividends, preferred-share repurchases and the company’s U.S. dollar reserve.
Investors will likely continue watching Strategy’s future stock offerings for signs of when the company may resume its Bitcoin accumulation strategy.
