PiCK
Saylor Says Strategy Sold 3,588 Bitcoin for $216 Million to Fund Digital Credit Security Dividends
Minseung Kang
Summary
- Strategy said it sold 3,588 Bitcoin for $216 million to fund dividends on its digital credit securities.
- Saylor said that after the sale, Strategy’s Bitcoin holdings stood at 843,775 BTC and its dollar reserves totaled $2.55 billion.
- The sale follows a capital management policy under which the company may sell Bitcoin holdings when needed for dividend and interest payments, securities redemptions and increasing dollar reserves.
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Strategy sold another 3,588 Bitcoin for $216 million to fund dividend payments on its digital credit securities.
Michael Saylor, the company’s executive chairman, wrote on X on July 6 that Strategy made the sale to secure funds for those dividends.
As of July 5, Strategy held 843,775 BTC and had $2.55 billion in dollar reserves.
The sale follows the company’s recently disclosed capital management policy. Strategy has said it may sell part of its Bitcoin holdings when needed to pay dividends and interest, redeem securities or increase its dollar reserves.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.