Strategy sells $216M in Bitcoin to fund dividends, keeps $2.55B reserve

Strategy sold 3,588 Bitcoin for $216 million to fund dividend payments, while keeping its $2.55 billion Bitcoin reserve untouched. Wealth manager Bernstein maintained its year-end Bitcoin price target of $150,000 following the transaction.

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🪙 Crypto Strategy sold over 3,000 bitcoins to fund preferred stock dividends MarketWatch · 22d ago 🪙 Crypto Strategy sells record 3,588 BTC for $216 million to cover preferred dividends Bitcoin Magazine · 22d ago 🪙 Crypto Strategy skips Bitcoin for fifth straight week, buys back $25M of its own STRC stock Bitcoin Magazine · 1d ago

More on this topic

🪙 Crypto Strategy sold over 3,000 bitcoins to fund preferred stock dividends MarketWatch · 22d ago 🪙 Crypto Strategy sells record 3,588 BTC for $216 million to cover preferred dividends Bitcoin Magazine · 22d ago 🪙 Crypto Strategy skips Bitcoin for fifth straight week, buys back $25M of its own STRC stock Bitcoin Magazine · 1d ago