Strategy Raises $283.8 Million Through MSTR Share Sales

Strategy raised a net $283.8 million by selling 2,051,348 MSTR shares, with the sales made to provide funding for Bitcoin (BTC) purchases and STRC preferred-stock buybacks.

Of the proceeds, $13.6 million went into the company’s dollar cash account. Strategy’s additional dollar cash reached $146.2 million as of Nov. 8.

After paying $21.1 million in preferred-stock dividends, Strategy’s dollar reserves stood at $4.77 billion. About $560.3 million remained under its preferred-stock buyback plan, while $1 billion remained under its MSTR share repurchase plan.