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Strategy sells Bitcoin to fund preferred dividends, keeps $2.55 billion cash reserve unchanged
Strategy is using a newly outlined capital framework to sell part of its Bitcoin holdings while continuing to support payments on its preferred stock. The company says the latest sale raises $216 million, leaves its U.S. dollar reserve at $2.55 billion and reduces its total Bitcoin holdings to 843,775. As reported by Cointelegraph, citing a Monday 8-K filing with the U.S. Securities and Exchange Commission, the company sold 3,588 Bitcoin to fund preferred stock dividend payments and replenish cash reserves. The disposal included 1,363 Bitcoin sold at an average price of $59,256 between last Monday and Tuesday, and ... (full story)
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From cointelegraph.com | 3 hr ago
Bitcoin (BTC) saw flash volatility into Monday’s Wall Street open as markets reacted to tech company Strategy’s new BTC sales. Data from TradingView showed BTC/USD dropping to near $61,000, sparking daily losses of more than 4%. A rebound at the start of the US session pushed the price higher before settling around the $62,000 mark at the time of writing. ...
From finance.yahoo.com | 2 hr 7 min ago
Bitcoin has had a dismal year, but its underperformance has been less severe than in previous crypto winters, Bernstein analysts pointed out. In part, that's thanks to digital asset treasury company Strategy (MSTR), which "continues to be a net buyer in the market," analyst Gautam Chhugani wrote in a note on Monday. The token traded near $62,000, down ...
From moneycheck.com | 5 hr ago
American spot Bitcoin exchange-traded funds have established an unwanted milestone: eight consecutive weeks of net capital withdrawals, representing the longest sustained decline since these investment vehicles debuted. The products experienced approximately $527 million in redemptions during the four-session period concluding July 2, based on analysis from ...
