Bitcoin treasury company Strategy sold approximately $108.6 million worth of bitcoin (1,690 BTC) between August 3 and August 9 at an average price of about $64,262 per BTC, as reported by a filing with the Securities and Exchange Commission. This sale reduces Strategy’s total holdings to around 840,447 BTC, currently worth approximately $54.7 billion.
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Strategy preferred stock was repurchased and its USD reserve replenished following the sale. Bitcoin traded flat on Monday following the filing.
Written by Rebecca Shaw
Industry Desk
