Strategy sells MSTR shares, buys back $25M in STRC preferred stock
Cointelegraph 2026-07-27 12:34:36
Context: Strategy, a financial entity, has sold shares of MicroStrategy (MSTR) to repurchase its own preferred stock and bolster its US dollar reserves. The company raised a substantial amount through these sales, which were then used to buy back a portion of its STRC preferred stock and increase its cash holdings. This move is part of Strategy's efforts to manage its financial portfolio.
Key Facts
- Strategy raised $544.5 million through the sale of MSTR shares.
- The company used some of the proceeds to repurchase $25 million of its STRC preferred stock.
- Following these transactions, Strategy expanded its US dollar reserve to a total of $3.75 billion.