Strategy sold MSTR shares to raise $283.8 million in net proceeds, with additional USD cash rising to $146.2 million

Odaily reports: Strategy sold 2,051,348 shares of MSTR this week, raising $283.8 million in net proceeds to fund Bitcoin purchases and STRC preferred stock repurchases, of which $13.6 million was allocated to its USD cash account. As of November 8, its additional USD cash rose to $146.2 million.

After paying $21.1 million in preferred stock dividends this week, Strategy's USD reserves stood at $4.77 billion. Its preferred stock repurchase program has approximately $560.3 million remaining, while its MSTR share repurchase program has $1 billion remaining. (Decrypt)