Strategy Bought Back $174 Million of Its 12% Preferred and $75.7 Million of Bitcoin, Selling No Stock for a Third Week
Strategy purchased 950 bitcoin for $75.7 million and repurchased 1,771,238 STRC preferred shares for $174.0 million between September 14 and 20, funding both from USD Cash, according to its September 21 filing. It sold no shares under its at-the-market offering program, the third consecutive week in which it has reported no issuance; in the week of August 24 to 30 it sold 4,531,421 common shares for $602.8 million in net proceeds and applied them to STRC dividends, bitcoin purchases and STRC buybacks. It drew a further $57.4 million from its separately identified USD Reserve to pay preferred dividends and interest on its debt. Holdings reached approximately 846,000 BTC, and as of September 20 the company reported a USD Reserve of $5.04 billion and USD Cash of $1.05 billion.
Primary record: sec.gov