Strategy Raises $2 Billion Through MSTR Sale, Establishes USD Cash
MSTR Strategy Inc
$119.24 +6.09%
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- 1Strategy (MSTR) raised $2.01 billion in net proceeds by selling 18,261,118 shares of its common stock last week
- 2Of the total, $136.4 million was allocated to repurchasing STRC preferred stock, $300 million to dollar reserves, and $1.57 billion to the new USD Cash
- 3USD Cash, a general-purpose liquidity source for Bitcoin treasury operations, totaled $1.59 billion as of August 23, while the company maintained its Bitcoin holdings
This 3-line summary is compiled from the report below.
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