Strategy Considers Selling Up to $5B in Bitcoin
Strategy, a business strategy company, is exploring the possibility of selling up to $5 billion worth of its Bitcoin holdings. As of July 26, Strategy holds 843,775 BTC, acquired at an average cost of $75,476. The company has sold about $218.4 million of Bitcoin year-to-date to fund preferred dividends. The sale, if it occurs, would be used to fund up to $1.25 billion in USD reserves, approximately $1.76 billion in annual preferred dividends and interest payments, and up to $2 billion in common stock and digital credit security buybacks.6 sourcesSee all sources