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Strategy Sells 1,690 Bitcoin and Raises $653 Million Through MSTR Shares
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.
Strategy sold 1,690 BTC for $108.6 million last week and used the proceeds to repurchase 1.15 million STRC preferred shares. The company also sold 6.59 million MSTR shares, raising $653.1 million, with much of the money added to its dollar reserve. Strategy now holds 840,447 BTC, acquired for a total of $63.36 billion at an average purchase price of $75,385 per Bitcoin. Its dollar reserve has increased to about $4.65 billion, giving the company additional funds for dividends, share purchases and other corporate needs.
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