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Strategy confirms selling 3588 BTC for $216 million to pay digital credit securities dividends.

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ME News message: On July 6 (UTC+8), Strategy’s official account stated that the company has sold 3,588 bitcoins, cashing out $216 million, to pay dividends on its digital credit securities. As of July 5, the company’s bitcoin reserves had fallen to 843,775 bitcoins, while it still held $2.55 billion in dollar reserves. This is the second reduction operation that Strategy has publicly disclosed this year, following the sale of 32 BTC from May 26 to 31 to cover preferred stock dividends; the scale has noticeably expanded. This reflects that, amid bitcoin price pressure and growing floating losses on its holdings, the company is relying more on selling part of its bitcoin reserves to meet its dividend obligations. (Source: BlockBeats)
BTC0.20%
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