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Strategy spent $65.5 million to buy 811 Bitcoin, increasing its total to 849,327 BTC.

MarketRead the original at Benzinga
Neutral

Strategy added 811 Bitcoin but sold 1,178,552 shares for about $164 million to fund it. It also spent $208.2 million to repurchase preferred shares and $43.4 million on dividends, leaving no clear change in its business outlook.

MSTR · Strategy

AI read · Neutral

The AI's read

More Bitcoin gives Strategy greater exposure to the asset at the center of its business plan. Selling shares raises cash but leaves existing owners with a smaller piece of the company. The company also spent $208.2 million to repurchase preferred shares and $43.4 million on dividends. It still reported $4.79 billion in its reserve. Its CFO is leaving for personal reasons, and the company said there was no disagreement.

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