Strategy has $785 million left to close STRC’s final $5 gap after selling $213 million in Bitcoin

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Strategy sold 1,690 BTC for $108.6 million during the week ended Aug. 9, bringing its total sales to 3,328 BTC (approximately $213.3 million) over the past two weeks. The company used those Bitcoin sales to fund the repurchase of 2.3 million STRC shares worth approximately $214.8 million over three weeks, with its latest purchase of 1.1 million shares totaling $108.6 million. Strategy simultaneously pushed its dollar reserve to a record $4.65 billion, up from $4 billion a week earlier, after raising an additional $653.1 million through common stock issuance. The STRC security is currently trading around $95, just $5 away from its $100 target, and the company still has $785.2 million of authorized buying capacity available to continue supporting the stock.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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