Strategy Sells $333.7M in Stock; BitMine Lifts ETH Reserves to 5.81M
Strategy sold $333.7 million of MSTR stock and kept its bitcoin holdings at 840,447 BTC; BitMine added 9,926 ETH, lifting reserves to about 5.81 million ETH.
Between August 10 and August 16, Strategy sold 3.46 million common shares (MSTR) for $333.7 million and made no bitcoin transactions. Its bitcoin balance stayed at 840,447 BTC.
The company directed $149.1 million of the share-sale proceeds to lift its dollar reserve to $4.8 billion, paid $52.4 million in dividends on STRC preferred stock, and used $132.2 million to repurchase those preferred shares.
BitMine reported buying 9,926 ETH over the same period, increasing its reserves to about 5.81 million ETH, roughly 4.8% of the coin supply. Around 87% of that is staked. The company also bought back 1.7 million of its own shares.
Source: ForkLog