Strategy Executes Record $216,000,000 Bitcoin Sale Under New ProgramThe Bitcoin treasury firm Strategy (MSTR) has completed its largest crypto sale to date by divesting 3,588 Bitcoin for $216 million between June 29th and July 5th.
The transaction happened under the firm’s newly introduced BTC monetization program designed to support dividend payments.
“This framework is designed to strengthen credit quality and enable the Company to reduce expected preferred stock dividend payments when accretive.
This framework also sets out how we plan to use our capital management toolkit while maintaining our commitment to long-term Bitcoin exposure.”
This marks Strategy’s first significant Bitcoin disposal since 2022, with proceeds allocated specifically toward shareholder returns for the firm’s dividend products.
After the sale, the company holds 843,775 of BTC worth about $53.88 billion and $2.55 billion in our USD Reserves.
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The Bitcoin treasury firm Strategy (MSTR) has completed its largest crypto sale to date by divesting 3,588 Bitcoin for $216 million between June 29th and July 5th.
The transaction happened under the firm’s newly introduced BTC monetization program designed to support dividend payments.
“This framework is designed to strengthen credit quality and enable the Company to reduce expected preferred stock dividend payments when accretive.
This framework also sets out how we plan to use our capital management toolkit while maintaining our commitment to long-term Bitcoin exposure.”
This marks Strategy’s first significant Bitcoin disposal since 2022, with proceeds allocated specifically toward shareholder returns for the firm’s dividend products.
After the sale, the company holds 843,775 of BTC worth about $53.88 billion and $2.55 billion in our USD Reserves.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: DALLE3
The post appeared first on The Daily Hodl.
read the full story
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