Strategy sold another $105 million of bitcoin last week, repurchased $81.2 million of STRC
Reported by CoinDesk · AI-assisted summary by ChikoCorp AI News Desk
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Summary
Strategy (MSTR) sold 1,638 bitcoin last week, raising $104.73 million and reducing its holdings to 842,138 BTC. The company also issued 3.01 million common shares, raising $290.6 million, which it used to pay preferred dividends, add $250 million to its USD reserve, and repurchase 912,143 shares of its preferred stock (STRC) for $81.2 million. The preferred stock’s annual dividend rate remains at 12%.
Why it matters
The transactions demonstrate Strategy's ongoing management of bitcoin holdings and capital structure, affecting its cash reserves and preferred stock. Maintaining the 12% dividend rate on STRC signals the company’s intent to support preferred shareholders. Since MSTR's stock and bitcoin price have declined, these moves may influence investor perceptions and company liquidity.
Key context
Strategy originally acquired its 842,138 bitcoins for $63.51 billion at an average price of $75,419 per bitcoin. The company’s USD reserve increased to $4 billion following these transactions. The preferred stock STRC has a stated value of $100 and a high annual dividend yield of 12%. The company announced no plans to adjust the dividend unless STRC shares trade consistently near their par value.
Key numbers and entities
Strategy (ticker MSTR) sold 1,638 BTC for $104.73 million and issued 3.01 million common shares raising $290.6 million. It repurchased 912,143 STRC shares for $81.2 million. Total bitcoin holdings now stand at 842,138 BTC, initially acquired for $63.51 billion at an average price of $75,419. The USD reserve increased by $250 million to a total of $4 billion. STRC maintains a 12% annual dividend rate, with a stated share value of $100.
What remains unclear
The source does not flag open questions or uncertainties about the transactions or Strategy’s future plans beyond the stated dividend policy and capital management actions.