Strategy Sells $105M in Bitcoin as Dollar Reserve Hits $4B
Decrypt·
60-second summary
Strategy is selling $105 million in Bitcoin, utilizing half the proceeds for preferred dividends and the other half for an $81 million STRC buyback, its second in as many weeks, further depleting its Bitcoin reserves.
Half the proceeds funded preferred dividends and half went into an $81 million STRC buyback, its second in as many weeks.