Strategy Sells 1,690 BTC for $108.6M STRC Buyback as USD Reserve Surpasses $4.6B
Michael Saylor's Strategy has sold 1,690 BTC, resulting in a $108.6 million buyback of STRC shares. The company's USD reserve has increased to $4.65 billion, while its Bitcoin holdings have decreased to 840,447 BTC. This marks a strategic move to maintain liquidity and bolster shareholder value.
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Strategy Sells Bitcoin Again For Cash Buffer, STRC Buyback
Bitcoin Magazine Strategy Sells Bitcoin Again For Cash Buffer, STRC Buyback Strategy now hasn't bought Bitcoin since June as the company focuses on having a cash cushion. This post Strategy Sells Bitcoin Again For Cash Buffer, STRC Buyback first appeared on Bitcoin Magazine and is written by Mathew Di Salvo .
Strategy turns 1,690 BTC into $108.6M STRC buyback
Strategy sold 1,690 Bitcoin to repurchase STRC shares as its US dollar reserve rose to $4.65 billion and its Bitcoin holdings fell to 840,447 BTC.
Strategy Sells $109M in Bitcoin as Dollar Reserve Tops $4.6B
All of the proceeds went into a $109 million STRC buyback, while the company sold six times as much again in its own stock.
Michael Saylor’s Strategy sells another 1,690 BTC as USD reserve hits $4.65 billion
Strategy's total holdings account for roughly 4% of the 21 million bitcoin supply cap — worth roughly $55 billion.