Strategy Unloads 1,690 Bitcoin for $108M, Adds $653M in MSTR Sale

Strategy, an investment firm that manages large cryptocurrency holdings, has made significant moves in its portfolio. Last week, Strategy sold 1,690 Bitcoin for $108.6 million. The proceeds from this sale were used to purchase 1.15 million STRC preferred shares.

The company also engaged in another transaction, selling 6.59 million MSTR shares and raising a substantial $653.1 million. A significant portion of the funds was added to its dollar reserve.

Following these transactions, Strategy now holds 840,447 BTC, acquired at an aggregated cost of $63.36 billion. This represents a considerable accumulation of Bitcoin by the investment firm.