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Strategy boosts USD reserve by $466.7 million via share sales

The company kept its bitcoin holdings unchanged at 843,775 BTC after funding the increase through its at-the-market equity program.

Reported · Written up by our desk · Market Structure

CoinDesk reports that Strategy increased its U.S. dollar reserve last week by $466.7 million to $3.0 billion, funding the buildup through sales of common stock under its at-the-market equity program.

Strategy said it made no changes to its bitcoin position, leaving holdings unchanged at 843,775 BTC. The company did not purchase or sell bitcoin during the period covered by the filing.

According to CoinDesk, the company maintains the cash reserve to support dividend payments on its preferred stock and interest payments on its outstanding debt.

CoinDesk also noted that Strategy previously acquired its bitcoin for an aggregate purchase price of about $63.69 billion, including fees and expenses, at an average price of $75,476 per bitcoin.

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