MSTR Sells 3.46M Shares via ATM, Allocates $149M to USD Reserve
MSTR sits 46% above its 52-week low of $81.81 on elevated volume (2.1× avg).
Summary
Strategy Inc sold 3.46M shares via ATM for ~$333.7M during Aug 10–16, allocating $149.1M to its USD reserve (now $4.80B), $132.2M to repurchase STRC preferred, and $52.4M for STRC dividends. Bitcoin holdings stand at 840,447 BTC. The company also plans to formally challenge MSCI's proposed rule that could exclude crypto-treasury firms from indexes. This follows a period of halted Bitcoin purchases and significant Q2 losses, with the ATM sale providing liquidity while critics warn leverage could force asset sales. Watch for the MSCI challenge outcome and any further ATM activity.
At the time of this announcement, MSTR was trading at $119.56 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $45.8B. The 52-week trading range was $81.81 to $365.21. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Wiseek News.