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Crypto
Strategy raises $2.01 billion by selling MSTR shares, launches USD Cash for bitcoin treasury
Strategy sold 18.26 million MSTR shares to raise $2.01 billion and created a separate dollar liquidity account, USD Cash, for bitcoin treasury operations. It did not buy or sell bitcoin during the period. The company said USD Cash can be used for bitcoin purchases, preferred dividends and interest, redemptions, and debt repayments. It held 844,407 bitcoin as of Aug. 23, with a book value affected by bitcoin’s price recovery.
Crypto
MSTR falls more than bitcoin as Strategy revises capital raise threshold
Strategy has simplified its mNAV formula, a key metric used to decide on new share issuance, and fixed the threshold for resuming issuance at 1.0x. The change comes as MSTR shares have fallen more than bitcoin this year, weighing on investor confidence. CEO Phong Le said the 1.0x standard is the simplest and most transparent way to bring back stock issuance. Strategy said the revised metric reflects senior securities, separates in- and out-of-the-money convertibles, and aims for value-accretive issuance.
Crypto
Strategy sells more MSTR shares, bitcoin holdings unchanged
Strategy sold 2,732,318 shares of MSTR common stock, raising net proceeds of $263.5 million and increasing its dollar reserve to $3.225 billion. The company sold no bitcoin from July 13 to 19, Decrypt reported. The funds were raised through an at-the-market program and added to a dedicated dollar reserve used for dividends and debt repayment. Michael Saylor said the company held 843,775 BTC and $3.2 billion in its dollar reserve as of July 19.
