Strategy buys 535 bitcoin for $43 million days after signaling potential BTC sales
CoinDesk
Strategy has acquired 535 bitcoin for $43 million, despite recently mentioning the possibility of selling holdings to manage debt or dividends.Summary
Strategy (MSTR), led by executive chairman Michael Saylor, has purchased 535 bitcoin for approximately $43 million, bringing its total holdings to 818,869 BTC. The acquisition was funded through the sale of preferred stock, as detailed in a recent SEC filing. This move comes shortly after the company indicated in its first-quarter earnings call that it remains open to selling bitcoin to satisfy debt obligations or dividend requirements, provided such actions prove accretive to shareholders. The company currently maintains a profitable position on its total bitcoin stash, which was acquired at an average cost of $75,540 per coin.
(Source：CoinDesk)