Michael Saylor’s Strategy dramatically ups pace of bitcoin sales, raising $216 million
The company sold 3,588 bitcoin last week to replenish its dollar reserves for dividends on its preferred stock.
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Summary
- Strategy sold 3,588 bitcoin for approximately $216 million, reducing its holdings to 843,775 BTC.
- The proceeds were used to replenish the company’s U.S. dollar reserve, which stood at $2.55 billion as of July 5.
- MSTR shares are down 2% in pre-market trading.
