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Strategy's Bitcoin Buying Falls 91% as STRC Cools
Strategy bought 3,273 Bitcoin for $255 million last week, down 91% from the prior week’s $2.54 billion purchase. The company held 818,334 Bitcoin on Monday, worth $63.6 billion according to CoinGecko. Strategy said it issued 1.4 million common shares last week for the latest purchase. The company has proposed moving STRC to semi-monthly dividends to reduce the cyclicality tied to the preferred share.