1) Restoring cash reserves — $1.25 billion 2) Buying back preferred shares — $1 billion 3) Buying back common shares — $1 billion 4) Paying dividends and interest — $1.76 billion However, company chairman Michael Saylor said the company’s decision is an option, not an obligation, to sell BTC. The company announced the latest BTC sale for $104.7 million today. The funds were used to finance preferred share dividends ($52.4 million) and preferred share buybacks ($52.3 million). After the sale, the company’s reserves increased to $4 billion, enough for more than two years of interest payments on the company’s obligations. At the same time, Strategy remains the largest BTC holder — 842.1 thousand BTC ($52.9 billion), or 4% of all coins. Unrealized loss: $10.8 billion (17%).
News Institutional
Strategy sold 1.6 thousand BTC ($104.7 million) and is considering increasing sales to $5 billion. The proceeds could be allocated to:
1) Restoring cash reserves — $1.25 billion 2) Buying back preferred shares — $1 billion 3) Buying back common shares — $1 billion 4) Paying dividends and interest — $1.76 billion However, company chai...