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Michael Saylor’s Bitcoin Treasury Firm Strategy Hawks $109,000,000 Worth of BTC in Second Consecutive Week of Sales
['Conor Devitt', 'Root', '--Ppa-Color-Scheme', '--Ppa-Color-Scheme-Active']
The Daily Hodl
The Bitcoin treasury firm Strategy (MSTR) sold 1,690 BTC worth $109 million in the past week, its second consecutive week of sales.
Strategy sold 1,638 BTC worth $105 million the week before, and that sale was preceded by a three-week stretch when the firm didn’t buy or sell any Bitcoin.
It also repurchased $109 million worth of STRC, the firm’s perpetual preferred stock that pays 12.00% annual dividends.
Since 2020, it has disclosed it may buy or sell $BTC to manage capital.
The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor.