Crypto
Strategy Sells 1,690 BTC, Raises $653 Million Through MSTR Share Sales
Strategy sold a significant portion of its Bitcoin holdings last week, unloading 1,690 BTC for $108.6 million.
The company used the proceeds from the sale to repurchase 1.15 million STRC preferred shares.
In addition to this move, Strategy also sold 6.59 million MSTR shares, generating a substantial $653.1 million in revenue.
With much of the raised funds being added to its dollar reserve, Strategy now holds 840,447 BTC, acquired at a total cost of $63.36 billion.