Strategy acquired 520 BTC for $34.9 million, noting the impact of Bitcoin price decline on corporate treasury.
1 report, 1 independent
Updated Jun 23
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What happened
Strategy acquired 520 BTC for $34.9 million, noting the impact of Bitcoin price decline on corporate treasury.
Who's involved
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The entities involved
Related events
- Strategy bought 4,603 Bitcoin for $369.7 million, and Strive adopted Bitcoin into its capital deployment hurdle rate.
- Strategy sold Bitcoin reserves to fund preferred stock dividends amid a stock plunge driven by Bitcoin price decline.
- Strategy maintains Bitcoin as its primary treasury reserve asset and issues a preferred share product pegged to $100.
- A corporate entity has purchased and is holding Bitcoin.
- Michael Saylor co-founded Strategy, a BTC treasury company, and the firm projects Bitcoin could reach a $16 trillion market cap.