Strategy maintained its Bitcoin position last week while selling millions of MSTR shares to strengthen its financial flexibility. The company sold 3.46 million shares for roughly $333.7 million between August 10 and August 16. However, it made no Bitcoin purchases or sales during the period. Consequently, Strategy’s Bitcoin holdings remained unchanged at 840,447 BTC.
Cash Reserve Expands
Strategy allocated $149.1 million from the stock sales to its USD reserve. Hence, its reserve increased by $150 million to approximately $4.8 billion. Additionally, the company used $52.4 million to cover dividends on its STRC preferred shares.
Moreover, Strategy directed $132.2 million toward repurchasing STRC securities under its Digital Credit Securities Repurchase Program. The move strengthens its preferred-stock position while preserving substantial cash resources.
Bitcoin Treasury Holds Steady
Strategy continues to value its Bitcoin treasury as a long-term strategic asset. Its holdings cost approximately $63.4 billion, including fees and expenses. The average purchase price stands at $75,385 per Bitcoin.
Significantly, the company’s Bitcoin stash remains equivalent to about 4% of Bitcoin’s maximum supply. However, its holdings currently show roughly $10 billion in paper losses. Besides, the company has extended its dividend funding runway to 2.8 years.
Related: Bitmine Adds 9,926 ETH as Treasury Reaches 5.82M
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