Strategy Skips Bitcoin Sales, Buys Back $132M of STRC Instead

Strategy made no Bitcoin sales last week, choosing instead to spend $132.2 million repurchasing its STRC preferred stock while adding another $150 million to its U.S. dollar reserve.

The move marks another week of increasingly active balance-sheet management from Michael Saylor’s company as it tries to support its preferred securities without reducing its massive Bitcoin position.

According to Strategy’s August 17 filing, the company neither bought nor sold Bitcoin between August 10 and August 16. That leaves its holdings unchanged at 840,447 BTC. Read more: Saylor In Crisis?

Strategy Books $8.2 Billion Q2 Loss on Bitcoin Price Decline Strategy Raises $334M Through MSTR Sales Rather than sell Bitcoin, Strategy raised $333.7 million by issuing 3.46 million shares of MSTR through its at-the-market program.