Strategy Pauses Bitcoin Purchases, Raises $334M Through MSTR Sales

Strategy said it made no Bitcoin purchases or sales between August 10 and August 16, leaving its holdings unchanged at 840,447 BTC, acquired for $63.36 billion at an average price of $75,385. During the week, the company sold 3.46 million MSTR shares for $333.7 million in net proceeds, using $132.2 million to repurchase 1.39 million STRC shares, $52.4 million to fund STRC dividends and $149.1 million to increase its U.S. dollar reserve. The USD reserve stood at $4.80 billion as of August 16.