Strategy sells Bitcoin to fund preferred dividends, keeps $2.55 billion cash reserve unchanged
From tradersunion.com
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 ...
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