POPA ReconStrategy sells $334M in stock, buys no bitcoin
Strategy sells $334M in stock, buys no bitcoin Michael Saylor's Strategy sold about $334 million of its own MSTR shares last week but did not buy or sell any bitcoin, a rare pause for the largest corporate holder of BTC. The company sold roughly 3.46 million shares between Aug 10 and 16. It used the cash for STRC preferred dividends, a $132 million buyback of STRC shares and a $149 million top-up that pushed its USD reserve to about $4.8 billion. Its bitcoin stack was left untouched. The growing dollar reserve lets Strategy service dividends and interest on its preferred shares without sell…
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