Strategy Raises $2B Selling MSTR Stock, Establishes 'USD Cash' Pot
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Strategy Leaves Bitcoin Untouched, Raises $334M Selling MSTR Stock
The Bitcoin treasury firm halted BTC sales after three weeks, with equity issuance covering dividends, a STRC buyback and the dollar reserve.
Strategy pauses BTC buys, launches $1.6B cash pool after $2B raise
Strategy held off on new Bitcoin buying, maintaining holdings at 840,447 BTC as it launched a $1.59 billion cash pool after raising $2 billion from MSTR stock sales.
Strategy raises $334M through stock sales but buys no Bitcoin
Proceeds funded STRC dividends and repurchases, while $149.1 million was added to Strategy’s US dollar reserve, which reached $4.8 billion.
STRATEGY CONDUCTS $25M STRC STOCK BUYBACK: FILING https://t.co/Da0M9Qzc8Q
AggrNews News, Strategy Conducts $25M Strc Stock BUYBACK: Filing HTTPS://T.CO/DA0M9QZC8Q
Cryptocurrency stocks fell in pre-market trading; STRATEGY down 4.1%.
According to data from Odaily Odaily, cryptocurrency stocks fell in pre-market trading, following Bitcoin's more than 2% decline. COINBASE GLOBAL fell 3.5%, BIT DIGITAL declined 3.6%, and STRATEGY fell 4.1%. RIOT PLATFORMS fell 4.4%, HUT 8 CORP fell 4.9%, and MARA HOLDINGS fell 3.5%.
Morning Minute: Strategy CEO Says Selling The Bottom Was Correct Move
Strategy sold millions in Bitcoin in the low $60k range and just rebought at $80k. Now they’re sharing the rationale behind the moves.