Strategy directs $603 million stock-sale proceeds to Bitcoin and STRC support

Strategy allocated proceeds from one week of common-stock sales across Bitcoin purchases, support for its STRC security, and its cash balance, according to CryptoSlate. The company used $369.7 million of the $603 million raised to buy Bitcoin. A further $202.5 million went toward STRC buybacks and dividends. Strategy also increased its cash holdings by $30 million. The breakdown shows the company dividing equity-sale proceeds between adding to its Bitcoin position and supporting STRC through repurchases and dividend payments. The source did not provide additional details on the number of Bitcoin acquired, the timing of the purchases, or the resulting holdings.