Strategy Dumps $100M BTC, Boosts STRC Holdings
Join our trading community for real-time crypto insights, market analysis, and automated trading tools. Stay updated with the latest strategies and signals to improve your trading decisions. Learn more: https://t.me/futuressignalsrobot MicroStrategy sold over 1,600 BTC last week. It also expanded its cash reserves and bought back more STRC. Strategy has increased its US dollar reserve and expanded its preferred-stock repurchases. The otherwise Bitcoin-focused company is moving to strengthen its balance sheet. The firm added $250 million to its cash reserve, bringing the total to $4 billion. It also repurchased approximately $81 million worth of its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC). The transaction builds on the firm’s recently introduced Digital Credit Capital Framework. The company intends to use its dollar reserve primarily to cover preferred-stock dividends and debt interest, reducing the need to sell Bitcoin during periods of ma...