MSTR Stock Slides After Strategy Ends Four-Week Pause With $104M Bitcoin Sale
The company sold the Bitcoin at an average price of $63,957, below its average acquisition cost of approximately $75,419 per coin. Strategy said proceeds from the sale were used to fund preferred stock dividends and repurchase STRC shares. The company also raised $290.6 million through its at-the-market stock offering, with most of the proceeds added … Read more