Strategy (MSTR) raised $104.73 million last week by selling 1,638 bitcoin, and pulled in an additional $290.6 million through the sale of common stock.
Preferred stock buyback
Alongside those moves, the company repurchased 912,143 shares of its high-yielding preferred stock STRC for $81.2 million, according to an SEC filing released Monday morning.
The firm issued 3.01 million MSTR shares to raise the $290.6 million.
Bitcoin holdings trimmed
The bitcoin sales reduced Strategy’s holdings to 842,138 BTC, acquired for $63.51 billion at an average price of $75,419.
The company lifted its USD reserve by $250 million, bringing the total reserve to $4 billion.
Dividend held at 12%
Over the weekend, Strategy said it would maintain STRC’s annual dividend rate at 12%.
The company noted it does not intend to recommend a reduction until the shares trade consistently near their stated $100 value.
Market reaction
MSTR was lower by 1.9% pre-market, moving alongside a weekend decline in the price of bitcoin to $62,500.
STRC was little changed on the day.
