Strategy Faces Dividend Pressure as It Scales Bitcoin Acquisition Plan
From financefeeds.com
Strategy purchased 1,031 Bitcoin for $76.6 million last week, a much smaller addition compared with its previous two weekly buys. The acquisition, disclosed in a Form 8-K filing with the US Securities and Exchange Commission, was executed at an average price of $74,326 per coin. The reduced size follows two large transactions earlier in March, including a 22,337 BTC purchase valued at roughly $1.6 billion and a 17,994 BTC buy the week before. Together, those deals pushed Strategy’s monthly accumulation above 41,000 BTC, far exceeding the latest addition. Despite the slowdown, the company’s total holdings reached ...
(full story)