Saylor says the viral $5 billion Bitcoin sale story is a month old. The June 29 plan adds up to $5.01 billion and forces no sales. Strategy bought 61 Bitcoin for every one it sold last quarter.
Bitcoin (BTCUSD) has lost its spark lately, and that weakness has cast a long shadow over companies that loaded up on the cryptocurrency. No company feels that pressure more than Strategy (MSTR), ...
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The mechanics are straightforward, but the strategic signal is harder to ignore. Rather than tapping its bitcoin stack or issuing new debt, the company turned to equity markets to generate the capital ...
Strategy sold $263.5 million in MSTR shares last week and bought zero Bitcoin. The $3.2 billion USD reserve now covers about 22 months of dividend obligations. Shareholders accept roughly 2% dilution ...
Though a company selling Bitcoin during a period of crisis can be interpreted as a sign of falling confidence in the cryptocurrency, the company said it made the sale decision in preference for ...