The Sale Was 112 Times Larger Than The One That Crashed Markets A Month Ago
Strategy sold 32 Bitcoin in early June and sent crypto prices plunging. Last week’s sale was 3,588 coins, executed at an average price of roughly $60,000 per Bitcoin, well below Strategy’s average purchase price of $75,476.
The company now holds 843,775 BTC acquired for approximately $63.69 billion.
Strategy said proceeds fund distributions on its preferred stock and replenish the portion of its USD reserve used for those payments.
The reserve stands at $2.55 billion as of July 5, and the company confirmed the full $1.25 billion capacity under its Bitcoin Monetization Program remains unused.
