Strategy allocates $603 million from share sale to Bitcoin, STRC buybacks and cash

MicroStrategy raised roughly $603 million by selling 4,531,421 common shares over a single week. The proceeds were divided among a new Bitcoin acquisition, support for its variable‑rate cumulative perpetual preferred stock (STRC), and an increase to its cash reserves.

Breakdown of proceeds

• Bitcoin purchase: $369.7 million used to buy 4,603 BTC between Aug. 24 and Aug. 30 at an average price of $80,318 per coin, inclusive of fees.
• STRC repurchases: $151.8 million spent to repurchase 1,557,177 STRC shares.
• STRC dividends: $50.7 million paid to STRC holders.
• Cash addition: $30 million transferred to the USD Cash account.

Impact on holdings

The Bitcoin purchase raised MicroStrategy’s total holdings from 840,447 BTC to 845,050 BTC, bringing the aggregate cost of its Bitcoin position to $63.73 billion and an average cost of $75,412 per BTC for the entire portfolio.

Preferred‑stock and cash context

After the STRC buyback, $364.8 million remained available under the broader preferred‑stock repurchase program. The USD Cash balance, separate from the USD Reserve, increased by $30 million and may be used for future Bitcoin purchases, reserve expansion, or other corporate purposes. As of Aug. 30, MicroStrategy reported $1.61 billion in USD Cash and $5.1 billion in USD Reserve, both figures including expected proceeds from the share sale that had not yet settled.

Overall significance

The filing shows that MicroStrategy’s recent common‑stock issuance now supports three distinct objectives: expanding its Bitcoin holdings, fulfilling obligations related to its STRC preferred stock, and maintaining flexible cash resources.