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.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Story Highlights The live price of the LINK token is . LINK price prediction for…
Tap-to-earn mobile mining network Pi Network is now just one day away from another major…
Tutorial (TUT) has suddenly become one of the market’s biggest movers after an explosive rally…
Robinhood has expanded its UK investing app into crypto, giving eligible customers access to more…
Story Highlights The live price of Bitcoin Cash is Bitcoin Cash price trades near $426,…
Banking giant Standard Chartered forecasts that Chainlink native token (LINK) to hit $200 price target…
