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Strategy Raises $4 Billion Reserve and Sells Bitcoin to Stabilize STRC Preferred

Company executives say these steps protect the 12% yielding preferred, adding cash to narrow the path back to $100 by year‑end.

Overview

  • In early August Strategy sold several controlled tranches of Bitcoin totaling about 5,226 BTC for roughly $321 million to fund preferred dividends and liquidity needs.
  • The firm increased its U.S. dollar reserve to about $4 billion, which it says can cover more than two years of STRC’s semi‑monthly 12% dividend payments.
  • Strategy has repurchased about $106 million of STRC shares under an authorized program of up to $1 billion, helping push the preferred above $94 from June lows.
  • Prediction‑market odds that STRC will reach its $100 stated value by December have risen to roughly 56.5% and the reported Bitcoin sales so far have not caused notable market disruption.
  • Despite the sales, Strategy still holds about 842,000 BTC and says it will balance long‑term accumulation with measured monetization, a choice that could crystallize losses or increase dilution for common shareholders if more sales are needed.