Executive Summary
- •Strategy sold 1,638 Bitcoin for $104.7 million.
- •Proceeds funded $52.4 million in dividends and $52.3 million in stock repurchases.
- •The company still holds 842,138 Bitcoin.
Community Sentiment
Key Developments & Data
Michael Saylor’s Strategy $STRC sells 1,638 Bitcoin $BTC to fund stock repurchases.
The company offloaded the assets at an average price of $63,957, generating $104.7 million in total proceeds.
Management split the capital, allocating $52.4 million for preferred stock dividends and $52.3 million to repurchase shares.
Despite this being their second-largest sale of the year, they haven't touched the bulk of their reserves and still hold 842,138 Bitcoin acquired at a $63.5 billion aggregate cost.
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