1 month ago
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Key Takeaways
- Strategy sold 3,588 BTC for $216 million.
- Proceeds fund dividends on Digital Credit securities.
- Reserves stand at 843,775 BTC and $2.55B cash.
- First sale under the June capital framework.
The transaction was announced by Executive Chairman Michael Saylor and confirmed by an 8-K filing with the SEC. As of time of writing Strategy holds 843,775 BTC in its Bitcoin reserves and $2.55 billion in its USD reserves. The sold coins represent roughly 0.42% of the company’s total Bitcoin holdings, the smallest of the four permitted use categories in dollar terms, and the proceeds are earmarked for scheduled dividend payments to holders of the company’s preferred stock series, including STRF, STRC, STRK, and STRD.
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