PiCK
Strategy Sold 1,691 Bitcoin Last Week, Boosted Dollar Reserves by $650 Million
Minseung Kang
Summary
- Strategy said it increased its dollar reserves by $650 million and bought $109 million of preferred stock STRC.
- Strategy was reported to have sold about 1,691 BTC from its holdings last week at an average sale price of $64,262.
- As of Aug. 9, Strategy’s Bitcoin holdings stood at 840,447 BTC and its dollar reserves at $4.65 billion.
Forecast Trend Report by Period
Strategy increased its dollar reserves by $650 million and bought $109 million of its STRC preferred stock.
Chairman Michael Saylor disclosed the move in a post on X on Aug. 10. The company’s dollar-reserve metric rose by 143 days to 2.7 years.
Strategy also sold about 1,691 Bitcoin from its holdings last week, according to Walter Bloomberg, an overseas breaking-news channel focused on the economy and markets. The average sale price was $64,262.
As of Aug. 9, Strategy held a total of 840,447 Bitcoin. Its dollar reserves stood at $4.65 billion.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.