Strategy (formerly MicroStrategy) raised $333.7 million by selling 3.45 million MSTR shares between August 10 and 16, with none of the proceeds allocated to Bitcoin purchases. All funds went toward STRC preferred-stock dividends ($52.4 million), STRC share buybacks ($132.2 million), and cash reserves ($149.1 million), bringing dollar reserves to $4.8 billion. The company has not increased its Bitcoin holdings since June 21, maintaining 840,447 BTC acquired at an average price of $75,385 per coin. This shift comes as MSTR shares have fallen roughly 35% over the past two months versus a 10% decline for Bitcoin, while potential exclusion from MSCI indexes could trigger an estimated $2.8 billion in passive selling.
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