The Bitcoin treasury firm Strategy (MSTR) has now gone four consecutive weeks without buying BTC.
The company he announced On Monday it increased its holdings of US dollars by $225 million over the past week, although it declined to buy new Bitcoin.
It’s the second consecutive week of Strategy without buying or selling any BTC afterwards last week’s announcement that he added $450 million to its savings account.
These announcements followed a two-week period in which 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 $54.9 billion at the time of writing, and $3.2 billion in cash reserves.
Chaitanya Jain, head of Bitcoin product and investor strategy, he says The company’s dividend now represents 1.8 years through their USD Reserve and 31 years through their BTC Reserve.
Strategy was the first public company to adopt Bitcoin as its sole reserve asset and remains the world’s largest BTC company by volume.
Industrial products, MSTRit is down about 38% for the year but is up more than 3% in the past five days.
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