07-06 20:16
Michael Saylor's Strategy dramatically ups pace of bitcoin sales, raising $216 millionStrategy sold 3,588 bitcoin for approximately $216 million, reducing its holdings to 843,775 BTC. The proceeds were used to replenish the company's U.S. dollar reserve, which stood at $2.55 billion as of July 5. MSTR shares are down 2% in pre-market trading. Strategy (MSTR) sold 3,588 bitcoin for approximately $216 million last week, reducing its total holdings to 843,775 BTC, according to a Monday SEC filing . The company said proceeds from the bitcoin sales will be used to fund distributions o