
Strategy sells 1,638 bitcoin to fund STRC dividends
The sale leaves 842,138 BTC and pushes Strategy’s dollar reserve to $4 billion as it defends a 12% preferred dividend
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The sale leaves 842,138 BTC and pushes Strategy’s dollar reserve to $4 billion as it defends a 12% preferred dividend

The company that vowed never to sell now plans up to $1.25 billion in bitcoin sales to fund buybacks and dividends.

The market values Michael Saylor’s company at less than its $51 billion bitcoin stash, ending years of premium pricing.

Saylor’s firm sold 32 BTC for $2.5 million to fund preferred dividends as its mNAV premium collapsed toward 1.0

With 781,000 BTC worth $55B, the company is within 9,000 coins of surpassing the world’s largest Bitcoin ETF.

The largest corporate bitcoin holder skipped its weekly purchase for the first time since December as BTC trades below its average cost basis.