Bitcoin Treasury Firm Strategy Raises Record-Setting Funds
#### Standfirst
Strategy, a blockchain treasury firm, has raised a total of $761.8 million in August 2023 through the sale of 1,690 bitcoin and 6.59 million shares of its common stock.
The company primarily used the proceeds to repurchase preferred stocks, with remaining balances totaling $785.2 million for future preferred-stock purchases under its program.
Written by Rebecca Shaw
Industry Desk
