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Strategy Dumps 1,638 Bitcoin in a Week, USD Reserves Cross $4 Billion
['Evie Vavasseur']
The Currency analytics
Community Trust ScoreVerified 81 % Real Verified 21 votesStrategy sold 1,638 Bitcoin for $104.7 million in the week ending August 2, per a regulatory filing.
It rolled out a capital framework that explicitly allows for up to $1.25 billion in Bitcoin disposals under specific conditions.
Last week alone, it sold over 3 million shares for $290.6 million.
At that price, the 842,138 BTC Strategy holds is worth somewhere north of $52 billion on paper.
The company sold 1,638 Bitcoin last week at $63,957 average, and its USD reserve sits at $4 billion.