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

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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.

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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