Strategy raised $602.8 million by selling 4.5 million common shares over one week and distributed the proceeds across three priorities: Bitcoin purchases, support for its preferred stock, and additional cash reserves.
The company allocated $369.7 million to Bitcoin, $202.5 million to its STRC preferred stock through buybacks and dividends, and $30 million to USD Cash, according to its August 31 filing.
Bitcoin remains primary destination
Strategy purchased 4,603 BTC between August 24 and August 30 at an average price of $80,318 per coin, inclusive of fees and expenses. This brought total holdings to 845,050 BTC with an aggregate purchase cost of $63.73 billion and an average cost basis of $75,412 per BTC.
Bitcoin absorbed the largest share of the week's proceeds, demonstrating its continued priority in the company's capital allocation strategy.
Preferred stock and cash management
Of the $202.5 million devoted to STRC preferred stock, $151.8 million funded share repurchases and $50.7 million covered dividend payments. The company did not sell preferred shares through its at-the-market programs during this period.
The remaining $30 million went to USD Cash, which Strategy maintains separately from its USD Reserve. As of August 30, the company reported $1.61 billion in USD Cash and a $5.1 billion USD Reserve, both figures including expected proceeds from unsettled at-the-market share sales.
USD Cash is designated for flexible corporate purposes including potential Bitcoin purchases, reserve expansion, and capital management.
