Strategy Put Less Than 11 Cents of Each Dollar Raised Into Bitcoin (BTC)

Strategy spent less than 11 cents of each dollar raised through stock sales on Bitcoin purchases in the third quarter, with proceeds also going to preferred-stock repurchases, dividends and cash held for those uses. Strategy raised $5.4 billion through stock sales in the third quarter and spent $588 million on Bitcoin (BTC) purchases. Bitcoin purchases accounted for 98 cents per dollar raised in Q1 and less than 77 cents in Q2, before falling below 11 cents in Q3. The $5.4 billion total included fundraising through common stock and preferred shares, including STRC, STRK, STRF, STRD and STRE.