Overview
- Strategy disclosed in SEC filings that it held 840,447 BTC as of Aug. 16, a position that equals about 4% of Bitcoin’s 21 million maximum supply.
- At roughly $77,175 per coin, that treasury was valued near $64.9 billion, about $1.5 billion above Strategy’s aggregate acquisition cost but still an unrealized market estimate.
- The company raised about $333.7 million by selling roughly 3.46 million MSTR shares between Aug. 10 and Aug. 16 and used proceeds to fund preferred dividends, repurchase 1.39 million STRC shares for $132.2 million, and build a $4.80 billion dollar reserve.
- Chief executive Phong Le said Strategy will resume accumulating Bitcoin only after STRC moves closer to its $100 stated amount, and management has not set a date or binding purchase plan.
- Michael Saylor’s 'digital economic energy' line is a public investment metaphor rather than a legal or accounting change, and Strategy’s 'Digital Credit' preferreds remain conventional exchange-listed securities that can affect common-share dilution and preferred-holder payouts.