Economy
Strategy Sells $105 Million in Bitcoin to Fund Dividends
Decrypt1h
THE BRIEF
1
Strategy announced the sale of 1,638 BTC for $105 million on August 5, reducing its total Bitcoin holdings to 842,138 units.
2
The company stated that the proceeds from the sale will be used to fund preferred dividends for shareholders following its second-quarter financial results.
3
Despite the sale, Bitcoin prices rose to $63,800, as the market reacted to the company's continued strategic management of its massive digital asset portfolio.