๐ผ Strategy Sells 1,690 BTC for $108M to Fund Stock Buybacks โ Holds 840K BTC
Michael Saylor's Strategy (formerly MicroStrategy) disclosed it sold 1,690 Bitcoin between August 3โ9 at an average price of $64,262, raising $108.6 million โ with every dollar directed toward buying back its STRC preferred shares. It marks a notable shift for a firm once known solely as a Bitcoin accumulator, though it still holds the world's largest corporate BTC treasury at 840,447 coins. Is this the start of a new "sell to manage capital" playbook, or just a one-off? Not financial advice.
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