POPA ReconJUST IN: Strategy Raises $2.0B Through MSTR Sales, Creates New $1.59B USD Cash Pool
JUST IN: Strategy Raises $2.0B Through MSTR Sales, Creates New $1.59B USD Cash Pool Strategy said it sold 18.26 million MSTR shares for $2.01 billion in net proceeds between August 17 and 23. Of the proceeds, $136.4 million was used to repurchase STRC preferred shares, $300 million was added to its existing USD Reserve, and the remainder was allocated to a newly established “USD Cash” pool for flexible Bitcoin treasury purposes, including potential BTC purchases, debt service and share repurchases. As of August 23, Strategy held $5.10 billion in USD Reserve and $1.59 billion in USD Cash. The…
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