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Strategy Inc (STRC) falls below $85, a 4.25% decrease in one day
On social media, Strategy said, “Its BTC reserves provide 32 years of dividend coverage.”
As STRC has continued to trade below par value, Strategy has suspended its mechanism of raising funds by issuing additional shares to buy Bitcoin when trading above par.
Previously, it was reported that Strategy sold 32 Bitcoins in May to pay for STRC distributions, the first time the company has sold BTC since it began accumulating Bitcoin.