Strategy sold 1,690 Bitcoin last week under $1.25 billion framework

Strategy said it sold 1,690 Bitcoin last week for about $108.6 million, extending disposals made under the Digital Credit Capital Framework launched in late June. The listed technology company has sold 6,948 Bitcoin for about $432.5 million so far this year, but still holds more than 840,000 Bitcoin worth about $53.6 billion. The framework allows sales of up to $1.25 billion in Bitcoin to replenish U.S. dollar reserves, pay preferred stock dividends and interest, and repurchase shares. Strategy said part of the recent sale proceeds were used to pay preferred stock dividends and buy back STRC shares. Its U.S. dollar reserves reached $4 billion on Aug. 2. In May, the company sold 32 Bitcoin, its first sale since 2022, after STRC fell below $100, a move that constrained new share issuance and financing capacity.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.
Strategy sold 1,690 Bitcoin last week under $1.25 billion framework - CoinPost Terminal