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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 | 5 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 grayscale.com | 1 hr 6 min ago
Recent actions by Strategy, a leading Bitcoin digital asset treasury (DAT) corporation, should restore market confidence over its financing structure and, in our view, may help Bitcoin’s price find a more durable bottom. On the surface there is nothing wrong with Strategy’s balance sheet. The company owns ~$52 billion worth of Bitcoin and has just ~$7 ...
From finance.yahoo.com | 3 hr 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 ...
