Michael Saylor's Strategy sold 1,638 bitcoin for ~$104.7M, reducing its holdings to 842,138, or ~4% of total supply, with a $10.9B paper loss at current prices (James Hunt/The Block)
Quick Take — Strategy has sold 1,638 BTC for approximately $104.7 million, reducing its total holdings to 842,138 BTC.
Michael Saylor's Strategy sold 1,638 bitcoin for approximately $104.7 million. This sale reduced its total holdings to 842,138 bitcoin, which is about 4% of the total supply.
The sale was reportedly the second-largest of the year and was made to fund dividend payments and repurchase its preferred stock, according to Cointelegraph.
The sale resulted in a $10.9 billion paper loss at current prices, as per The Block.
Brief written by urgent.news from Techmeme, Cointelegraph, CoinDesk — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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