MicroStrategy added 520 BTC on 6.22. On 6.29, it announced a dividend-paying liquidity plan. It mentioned that cash reserves can cover 17.4 months of dividends, and the board authorized a BTC cash-out amount of 1.25 billion. After giving everyone a heads-up, it cashed out BTC worth $225 million this week. MicroStrategy’s current holdings: 843,775 BTC. Average cost: about $75,653 per BTC. There’s still another $1 billion of sell pressure coming soon?

BTC1.68%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned