Strategy Sells Bitcoin to Fund STRC Buybacks and Boost USD Reserve
Strategy, the Bitcoin treasury firm led by Michael Saylor, has sold 1,690 BTC for $108.6 million at an average price of $64,262 per BTC last week.
The company used the net proceeds from the sale to repurchase STRC stock, buying back 1,152,020 shares for $108.6 million.
This marks the second consecutive week that Strategy has sold Bitcoin to fund STRC buybacks and dividend payments.