Strategy directs $602.8M from MSTR sales to Bitcoin and STRC

Strategy sold 4,531,421 common shares of MSTR during the week and reported net proceeds of $602.8 million in a regulatory filing dated Aug. 31. The company split the proceeds among a Bitcoin purchase, support for its STRC preferred stock and additional cash for its USD Cash account.

The filing shows $369.7 million was used to acquire 4,603 BTC between Aug. 24 and Aug. 30. The purchase price averaged $80,318 per BTC, inclusive of fees and expenses. The acquisition increased Strategy’s Bitcoin holdings from 840,447 BTC to 845,050 BTC. For the company’s aggregate Bitcoin position, the filing reported a total purchase cost of $63.73 billion and an average cost of $75,412 per BTC.

Rather than selling preferred shares through at-the-market programs, Strategy allocated $202.5 million of the common-share proceeds to STRC support. That total included $151.8 million to repurchase 1,557,177 STRC shares and $50.7 million to pay dividends on STRC, which the filing identifies as a variable-rate cumulative perpetual preferred stock. After the repurchase, $364.8 million remained available under the company’s broader preferred-stock repurchase program, according to the filing.

The filing lists a $30 million increase to the USD Cash account. Strategy described USD Cash as a flexible pool that may be used for Bitcoin purchases, expanding its reserve, capital management and other corporate purposes. As of Aug. 30 the company reported $1.61 billion in USD Cash and a $5.1 billion USD Reserve; both figures reflected expected proceeds from at-the-market share sales that had not yet settled.

The line-item totals in the filing for the four disclosed uses sum to $602.2 million, about $0.6 million below the reported $602.8 million in net proceeds. Each amount was presented to one decimal place and the filing did not provide a separate reconciliation of the small difference.

The disclosure details how Strategy allocated the week’s common-share proceeds across Bitcoin accumulation, preferred-stock support through buybacks and dividends, and incremental cash holdings.