Strategy Sold 1,690 BTC to Repurchase STRC Shares
According to an SEC filing, Strategy sold 1,690 BTC for $108.6 million at an average price of $64,262 to fund repurchases of STRC, while also selling $653.1 million in MSTR stock to increase dollar reserves to $4.65 billion.
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Between August 3 and August 9, Strategy sold 1,690 BTC, generating $108.6 million at an average price of $64,262 per bitcoin. All proceeds were directed toward repurchasing shares of STRC.
Additionally, the company sold 6.59 million shares of its common stock (MSTR) for $653.1 million. Of that amount, $650 million was allocated to boost its dollar reserves, bringing the total to $4.65 billion.
As of August 9, Strategy held 840,447 BTC, acquired at an aggregate cost of $63.36 billion.
Source: ForkLog