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Crypto

Strategy Continues Bitcoin Sell-Off with Another 1,690 BTC Dump

Guavy AI Editorial Team
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BTC
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Michael Saylor's company, Strategy, has continued its bitcoin sell-off by dumping another 1,690 BTC for $108.6 million.

The proceeds from this sale were used to repurchase 1.15 million STRC preferred shares and raise $653.1 million by selling 6.59 million MSTR shares.

This move has increased Strategy's USD reserve to over $4.6 billion, acquired through the sale of its bitcoin stash that now stands at 840,447 BTC, bought for an average price of $75,385.

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