Strategy sold another $105 million of bitcoin last week, repurchased $81.2 million of STRC
Strategy has sold $105 million in bitcoin to bolster its USD reserves while repurchasing $81.2 million of its own preferred stock. The company maintains a 12% dividend rate despite recent market volatility and a decline in bitcoin prices.
Why it matters
Large-scale corporate bitcoin holdings and treasury management strategies significantly impact crypto market sentiment and asset valuation.
Alongside, the company repurchased 912,143 shares of its high-yielding preferred stock STRC for $81.2 million, according to an SEC filing Monday morning.
The bitcoin sales reduced Strategy’s holdings to 842,138 BTC, acquired for $63.51 billion at an average price of $75,419. The company lifted its USD reserve by $250 million, taking the total USD reserve to $4 billion.
The company announced over the weekend that it would maintain STRC’s annual dividend rate at 12%, saying it does not intend to recommend a reduction until the shares trade consistently near their stated $100 value.
MSTR is lower by 1.9% pre-market alongside a weekend decline in the price of bitcoin to $62,500. STRC is little changed.
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