Strategy Offloads $105M in Bitcoin While Repurchasing STRC Preferred Stock Amid Market Dip

Woofun AI reports that Strategy (MSTR) executed a complex capital restructuring last week, combining asset liquidation with equity issuance and share buybacks, as detailed in an SEC filing released Monday morning.

The deeper driver of this liquidity event was the sale of 1,638 bitcoin, which generated $104.73 million in proceeds.

Notably, the company simultaneously raised an additional $290.6 million through the issuance of common stock, effectively balancing the outflow of crypto assets with fresh equity capital.

Per Woofun AI, these transactions reduced the firm’s total holdings to 842,138 BTC, originally acquired for $63.51 billion at an average cost of $75,419.

Structurally, the company boosted its USD reserve by $250 million, bringing the total cash position to $4 billion.

Concurrently, Strategy repurchased 912,143 shares of its preferred stock STRC for $81.2 million, while confirming it will maintain the 12% annual dividend rate until the shares trade consistently near their $100 value.

MSTR shares declined by 1.9% in pre-market trading, mirroring a weekend drop in the price of bitcoin to $62,500. STRC remained largely unchanged, suggesting investors are prioritizing the stability of the dividend yield over short-term market volatility.