Strategy (NASDAQ: MSTR) generated $747.8 million from the sale of common stock without acquiring any bitcoin during the business week of December 15.
The corporate treasury held 671,268 bitcoin as of December 21. The aggregate purchase price for these holdings stands at $50.33 billion, implying an average purchase price of roughly $74,972 per bitcoin.
This move breaks from Strategy’s actions over the last month, where it has followed at-the-market issuance with bitcoin buys.
This fundraising strengthens the company’s cash position in a bid to address the liquidity stress that followed recent MSCI delisting concerns for MSTR, Michael Saylor said in an X post.
Strategy increased its dollar reserves to $2.19 billion as of December 21. The company established this reserve on December 1 with an initial balance of $1.44 billion to support dividend payments on its preferred stocks and interest payments on outstanding debt.
