Strategy sells 1,638 Bitcoin to fund dividends and STRC repurchases
Michael Saylor’s Strategy sold 1,638 Bitcoin in its second-largest sale of the year to fund dividend payments and repurchase its preferred STRC stock.
Strategy sold 1,638 Bitcoin from July 27 through Sunday, marking its second-largest BTC sale of the year.
Strategy sold 1,638 Bitcoin at an average price of $63,957 for a total of $104.7 million, according to a Monday 8-K filing with the Securities and Exchange Commission. Of the proceeds, $52.4 million was used to fund dividend payments on Strategy’s STRC preferred stock, while another $52.3 million was used to repurchase STRC.
The company now holds 842,138 Bitcoin bought at an aggregate cost of $63.5 billion.
Source: Source: Cointelegraph