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Strategy Sold Some Bitcoin…Again
['Mitchell Duran', 'Tue', 'August', 'At Pm Gmt', 'Min Read']
Yahoo Finance
Strategy Sold Some Bitcoin…Again - MobyTHE GISTOur analysts just identified a stock with the potential to be the next Nvidia.
Hold the line on doctrine and go broke, or quietly break your own commandment and live to preach another Sunday.
STRC, the company's high-yield fixed-income instrument, broke its $100 peg and sank to $70, and Strategy started selling Bitcoin to cover dividend costs.
Three larger batches have gone out since June, along with a token 32 BTC in late May, disclosed June 1:June 29 to 30: 1,363 BTC for $80.8 million, roughly $59,256 eachJuly 1 to 5: 2,225 BTC for $135.2 million, roughly $60,773 eachJuly 27 to August 2: 1,638 BTC for $104.7 million, roughly $63,957 eachMarkets have shrugged.
Strategy has sold roughly 5,226 BTC for about $320.73 million while still sitting on 842,138 BTC, or 4.01% of total supply, worth around $63.51 billion.