Strategy Sells $333.7M of MSTR Shares but Makes No Bitcoin…

Why Did Strategy Sell MSTR Without Buying Bitcoin? Strategy sold approximately $333.7 million of its common stock last week but made no changes to its bitcoin holdings, using the proceeds instead to fund preferred-stock obligations, repurchases and a larger cash reserve. The company sold 3,458,866 MSTR shares between Aug. 10 and Aug. 16, according to a regulatory filing. Unlike many previous…