Strategy (ticker MSTR) disclosed on Monday that it sold roughly 2.7 million common shares, generating $335.5 million, and allocated $35 million of that cash to acquire 520 bitcoin at an average cost of $67,068 per coin. The cash infusion aims to support dividend payments on the high‑yield preferred stock.
Share Sale and Bitcoin Acquisition
The transaction increased Strategy’s bitcoin balance to 847,363 BTC, representing a