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Strategy Pauses Bitcoin Purchases, Raises $334M From MSTR Sales

Published by
Qadir AK

Strategy made no Bitcoin purchases or sales between August 10 and August 16, leaving its holdings unchanged at 840,447 BTC. The company acquired its Bitcoin for a total of $63.36 billion, at an average price of $75,385 per BTC. During the week, Strategy sold 3.46 million MSTR shares for $333.7 million. It used $132.2 million to repurchase STRC shares, $52.4 million for STRC dividends and $149.1 million to increase its U.S. dollar reserve, which reached $4.80 billion as of August 16.

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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