Strategy Raises $263.5M from Share Sales, Holds onto BTC Amid Market Volatility

Strategy, a company that deals in Bitcoin and other assets, has raised $263.5 million by selling over 2.7 million Class A shares.

The sale did not involve any transactions in Bitcoin, which means the company's holdings of the cryptocurrency remain steady at 843,775 BTC.

This inventory is valued at about $54.7 billion, but Strategy faces significant unrealized losses due to current market prices - over $9 billion in fact.

The firm has maintained a large amount of US dollar reserves, now exceeding $3.2 billion, which are used to cover preferred stock dividends and debt interest.