POPA Recon[Walter Bloomberg] MSTR - Selling $334 million worth of stock, no Bitcoin purchases
[Walter Bloomberg] MSTR - Selling $334 million worth of stock, no Bitcoin purchases Strategy sold 3.46 million shares through the ATM program last week, raising $333.7 million. No Bitcoin purchases, maintained at 840,447 BTC, $63.36 billion invested at an average of $75,385 The proceeds from the sale were used to pay preferred stock dividends, repurchase $132.2 million worth of STRC stock, and increase cash reserves. Current dollar reserves reach $4.8 billion ㅡ ❓Repurchase of own stocks: A company purchases its own stocks, cancels them, and holds them. Value per share (EPS) rises due to a de…
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