Strategy Raises $334 Million in 3.5 Million-Share Sale, Keeps 840,447 Bitcoin
Updated
Updated · Yahoo Finance · Aug 19
Strategy Raises $334 Million in 3.5 Million-Share Sale, Keeps 840,447 Bitcoin
3 articles · Updated · Yahoo Finance · Aug 19
Summary
Strategy sold about 3.5 million shares through its at-the-market program, raising roughly $334 million without changing its bitcoin holdings.
The unchanged 840,447-bitcoin position leaves the company more cash-rich while preserving its core crypto exposure, a key part of its balance-sheet strategy.
At $104.25, the stock has rebounded recently—up 12.68% in one day and 9.93% in seven days—even after a steep 36.76% drop over 90 days and a 69.73% one-year shareholder loss.
Valuation metrics still look relatively low: Strategy trades at 1.2 times book value versus 3.1x for the broader U.S. software industry and 13.5x for peers.
That discount comes with clear risks, including ongoing net losses and heavy dependence on bitcoin price swings.