Strategy has about $900 million sitting in its USD reserve account, even as its stock takes a beating on Wall Street following the company’s first Bitcoin sale in years.
Stock Slides As Investors Grow UneasyBetween May 26 and May 31, Strategy sold 32 BTC at an average price of $77,135 per coin, raising roughly $2.5 million. Proceeds from the sale are expected to go toward covering preferred stock obligations.
Saylor Breaks From Routine With Midweek PostObservers took the post as a signal that Strategy may be preparing to buy Bitcoin again. No announcement has been made.
Featured image from Unsplash, chart from TradingView
