CoinDesk·4 min read·hard
Strategy sold another $105 million of bitcoin last week, repurchased $81.2 million of STRC
J
James Van Straten
✦AI Summary
Strategy has sold $105 million in bitcoin to bolster its USD reserves while repurchasing $81.2 million of its own preferred stock. The company maintains a 12% dividend rate despite recent market volatility and a decline in bitcoin prices.
Alongside, the company repurchased 912,143 shares of its high-yielding preferred stock STRC for $81.2 million, according to an SEC filing Monday morning.
businesscryptoeconomy
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