Strategy Corp Sells $105 Million in Bitcoin

Strategy Corp sold 1,638 bitcoin for $104.73 million last week and raised an additional $290.6 million through common stock sales to bolster its USD reserves.

The company used $81.2 million to repurchase 912,143 shares of its high-yielding preferred stock, maintaining an annual dividend rate of 12% for the STRC shares.

Following the sales, Strategy holds 842,138 BTC acquired at an average price of $75,419, while its total USD reserve has increased to $4 billion.