Strategy Keeps BTC Holdings Flat Amid $334M MSTR Sales
Strategy, an investment firm, has made significant moves in its portfolio over the past week. Between August 10 and August 16, Strategy did not make any purchases or sales of Bitcoin, leaving its holdings unchanged at 840,447 BTC. This decision means that its total value remains at $63.36 billion, based on an average price of $75,385 per BTC.
In a separate transaction, Strategy sold 3.46 million MSTR shares for $333.7 million. It used this money to repurchase STRC shares worth $132.2 million, pay out $52.4 million in STRC dividends, and boost its U.S. dollar reserve by $149.1 million, which now stands at $4.80 billion.