Strategy raised $284 million by selling MSTR shares to update its cash reserves and share buyback program.

Strategy sold 2.0513 million MSTR shares this week, raising net proceeds of $283.8 million, which will be used for Bitcoin purchases and STRC preferred stock buybacks. As of November 8, Strategy's additional US dollar cash reserves rose to $146.2 million. After paying $21.1 million in preferred stock dividends, Strategy's dollar reserves stand at $4.77 billion. Currently, the STRC preferred stock buyback program has $560.3 million remaining, and the MSTR stock buyback program has $1 billion remaining. (Source: Decrypt)