Executive Summary
- •The company sold 1,638 Bitcoin for $104.7 million and issued 3.01 million common shares for $290.6 million.
- •Strategy allocated the nearly $395 million to repurchase $81.2 million in STRC shares and expand its US dollar reserve to $4 billion.
- •The ongoing sales extended the company's Bitcoin acquisition pause to six weeks and dropped its year-to-date BTC Yield to 3.5%.
Community Sentiment
Key Developments & Data
Strategy $MSTR sells record amounts of Bitcoin $BTC to fund preferred stock buybacks.
The company sold 1,638 Bitcoin for $104.7 million and issued 3.01 million common shares for $290.6 million.
Strategy allocated the nearly $395 million to repurchase $81.2 million in STRC shares and expand its US dollar reserve to $4 billion.
The ongoing sales extended the company's Bitcoin acquisition pause to six weeks and dropped its year-to-date BTC Yield to 3.5%.
"Strategy announced its BTC Monetization Program on June 29, 31 days before our Q2 results, not after posting a loss. We have never had a ‘never sell’ policy." — Michael Saylor
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