Proceeds funded STRC dividends and repurchases, while $149.1 million was added to the strategy’s U.S. dollar reserves, reaching $4.8 billion.
The strategy raised $333.7 million through the sale of common stock last week but did not purchase any bitcoins, leaving its holdings unchanged at 840,447 BTC.
The company sold 3.46 million MSTR shares between Aug. 10 and Aug. 16 through its at-the-market offer program, according to a data on Monday. 8-K filings With the US Securities and Exchange Commission.
Of the proceeds, $52.4 million was used to fund twice-monthly dividends on STRC preferred stock, while $132.2 million repurchased the same securities. Another $149.1 million was added to the company’s US dollar reserves.
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