Strategy (MSTR) Stock: No Bitcoin Bought for Third Week as Company Repurchases STRC Preferred Stock
TLDR
- MSTR rose over 2% in premarket trading on Monday
- Strategy sold 5.4M Class A shares, raising $544.5M through its ATM program
- The company bought back 288,930 STRC preferred shares for $25M
- Strategy has not purchased Bitcoin for three straight weeks, with holdings frozen at 843,775 BTC
- USD reserve climbed to $3.75B, up from $3.225B the prior week
Strategy sold 5,429,160 Class A common shares between July 20 and July 26, generating $544.5 million in net proceeds through its at-the-market offering program.
The stock was up 2.63% at $94.08 in early Monday trading, while STRC preferred shares climbed 2.3% to $88.90 ahead of the open.
At the same time, the company repurchased 288,930 shares of its STRC preferred stock for $25 million. The moves were disclosed in a Form 8-K filed with the SEC on Monday.
No Bitcoin for Third Week Running
For the third consecutive week, Strategy made no Bitcoin purchases or sales. Holdings remain at 843,775 BTC, acquired at an average price of $75,476 per coin, or $63.69 billion in total.
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