Strategy repurchased $208.2 million of its STRC preferred shares and bought 811 Bitcoin for about $65.5 million, according to a filing with the Securities and Exchange Commission. It sold about 1.18 million MSTR shares for $164 million in net proceeds, using $65.5 million for the Bitcoin purchase and allocating the remaining $98.5 million to its USD Cash balance.
Strategy’s policy is not to issue new STRC shares below $100, limiting that source of funding while the shares trade below that price. STRC was quoted at $99.22 in pre-market trading, according to Yahoo Finance.
