Strategy raised $602.8 million by selling 4,531,421 MSTR common shares in one week, allocating the proceeds across a new Bitcoin purchase, support for its STRC preferred stock, and additional cash.
According to the company’s Aug. 31 filing, Strategy used $369.7 million to buy Bitcoin, $151.8 million to repurchase 1,557,177 STRC shares, $50.7 million to pay STRC dividends, and $30 million to fund its USD Cash account.
STRC is variable-rate cumulative perpetual preferred stock. The transaction demonstrates how Strategy is using proceeds from common-stock sales to support both Bitcoin accumulation and its preferred-stock strategy.
The four disclosed uses total $602.2 million, which is $0.6 million below the filing’s rounded net-proceeds figure of $602.8 million. The filing reports each allocation to one decimal place but does not separately reconcile the difference.
Bitcoin remained the largest destination
Strategy bought 4,603 $BTC from Aug. 24 through Aug. 30 at an average price of $80,318 per $BTC, including fees and expenses. The purchase increased its holdings from 840,447 $BTC to 845,050 $BTC, according to the filing and the company’s official Bitcoin ledger.
The company reported an aggregate purchase cost of $63.73 billion and an average cost of $75,412 per $BTC for its entire position.
In its Aug. 24 filing, Strategy reported no Bitcoin purchases or sales during the previous weekly period. The Aug. 31 filing then disclosed the purchase of 4,603 $BTC, while the remaining proceeds supported other parts of the balance sheet.
Strategy also supported STRC and cash reserves
Strategy sold no preferred shares through its at-the-market programs during the latest period. Instead, it used $202.5 million of the MSTR proceeds for STRC repurchases and dividends. After the buyback, the company said $364.8 million remained available under its broader preferred-stock repurchase program.
The remaining $30 million went to USD Cash, a flexible account that Strategy says may be used for Bitcoin purchases, reserve expansion, capital management, and similar corporate purposes.
USD Cash is separate from the USD Reserve, which is intended to support preferred dividends and interest on outstanding debt. As of Aug. 30, Strategy reported $1.61 billion in USD Cash and a $5.1 billion USD Reserve.
Both balances included expected proceeds from at-the-market share sales that had not yet settled.
Bitcoin was still the largest disclosed destination for the week’s MSTR proceeds. However, the filing also shows that Strategy’s common-stock issuance is now supporting three distinct priorities: expanding its Bitcoin holdings, meeting preferred-stock obligations and funding buybacks, and maintaining flexible cash.
