The Bitcoin treasury firm Strategy (MSTR) has now gone three weeks in a row without buying any BTC.
Monday, Strategy Chairman Michael Saylor he announced the company increased its US dollar holdings by $450 million last week but chose not to buy new Bitcoin.
In the last two weeks, the company sold 3,588 BTC for $216 million. The sale, which caused headlines across the crypto industry, was seen under the newly launched Strategy BTC. money making programdesigned to help fund companies and support dividend payments.
The company still has 843,775 Bitcoin worth $52.47 billion at the time of writing, and $3 billion in cash reserves.
In May, Strategy to be sold 32 BTC worth $2.47 million, the first company to sell Bitcoin since 2022, while the smaller firm, MacroStrategy, hawked 704 BTC about $11.8 million.
The May sale dramatically changed the tone of the Strategy after Saylor spent years urging investors not to “sell” their BTC.
He said that the sale could happen, however, meaning in a call for the first quarter that the company “could sell Bitcoin to fund the market – just to send a message that we did it.”
Strategy was the first public company to adopt Bitcoin as its sole asset and remains the world’s largest BTC company by volume.
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