Strategy allocates $603 million from share sales to Bitcoin and STRC support

Strategy sold 4,531,421 shares of its common stock (MSTR) for $602.8 million in one week and allocated the proceeds to Bitcoin purchases, support for its STRC preferred stock, and cash reserves.

Funds split across Bitcoin, STRC, and cash

According to an Aug. 31 filing, $369.7 million went to buying Bitcoin, while $202.5 million supported STRC through share repurchases ($151.8 million) and dividend payments ($50.7 million). The remaining $30 million increased its USD Cash account.

Bitcoin holdings grow to 845,050 BTC

Strategy purchased 4,603 Bitcoin (BTC) between Aug. 24 and Aug. 30 at an average price of $80,318, including fees. This raised its total holdings to 845,050 BTC, with an average cost of $75,412 per Bitcoin for its entire position, as shown in its official ledger.

The company reported no Bitcoin purchases or sales in the prior week, according to an Aug. 24 filing.

STRC support and remaining cash

STRC is a type of preferred stock issued by Strategy. The company used part of the proceeds to repurchase 1,557,177 STRC shares and pay dividends, leaving $364.8 million available under its broader preferred-stock repurchase program.

The USD Cash account, separate from the USD Reserve, may be used for future Bitcoin purchases, reserves, or other corporate purposes. As of Aug. 30, Strategy held $1.61 billion in USD Cash and $5.1 billion in its USD Reserve.

What is confirmed

• Strategy raised $602.8 million from selling MSTR shares in one week.
• $369.7 million was used to buy 4,603 BTC at an average price of $80,318.
• $202.5 million supported STRC through repurchases and dividends.
• $30 million was added to the USD Cash account.
• Total Bitcoin holdings increased to 845,050 BTC.

Why it matters

The filing shows how Strategy is using new common-stock proceeds to fund multiple priorities: growing its Bitcoin holdings, supporting its preferred stock, and maintaining cash reserves.

Sources

• CryptoSlate