Strategy sells 1,690 BTC for $108.6 million, shifts treasury focus toward liquidity
Bitcoin-holding firm Strategy sold 1,690 BTC at an average price of $64,262, generating $108.6 million, and used the proceeds to repurchase about 1.15 million shares of its STRC preferred stock. The company also sold 6.59 million MSTR common shares for $653.1 million, with $650 million allocated to its U.S. dollar reserve. After the transactions, Strategy’s Bitcoin holdings fell to 840,447 BTC, acquired for an aggregate $63.36 billion at an average cost of $75,385, according to CoinDesk.