Strategy ' s most recent submission to the United States Securities and Exchange Commission shows that the company, known for its long-standing and sustained increase in bitcoin, has recently sold 3588 bitcoins in two instalments, totalling approximately $225.6 million. This is the largest sale of bitcoin by the company to date, and it also means that there are more explicit fund movements in its treasury strategy.
Total of $225.6 million in two sales
According to the bulletin, Strategy sold 1363 bitcoins on 30 June, another 2225 on 6 July and a total of 3588 on two occasions. Upon completion of the transaction, the company still held 843775 bitcoin and approximately $255.0 billion in cash reserves.
Based on the disclosure data, this part of the sale is primarily intended to cover the quarterly dividends of a number of priority products of the company, including STRF, STRE, STRK and STRD, while covering the full June dividends of the floating interest rate priority share STRC.
Funds are targeted to priority shares Red
This disclosure focused not only on the size of the sale but also on the use of the funds. Strategy did not use the funds for the new Bitcoin configuration, but rather for direct cash expenditures on shareholder returns and capital instruments. This suggests that while large-scale bitcoin assets continue to be held, companies are providing liquidity support for their multilayered capital structures.
Prior to that, Strategy had sold 32 bitcoins in late May, with a deal of approximately $2.5 million. At that time, it was widely viewed as a routine treasury management operation. However, the latest documentation shows that shortly after that small sale, the company made a larger reduction, which brought the cumulative sales to 3588.
It's still the biggest business in the world.
Corporate disclosures indicate that Strategy is still the most publicly listed company in the world with bitcoin, despite the reduction. As disclosed by the company, its current hold is approximately 4.2 per cent of the supply of bitcoin in circulation and the average hold cost is approximately $75699 per unit.
Michael Saylor, co-founder and executive director of the company, previously at the BTC Prague event, had distinguished between the company ' s treasury decision and its public statements to individual investors when the sale took place in May. At that time, he stated that he had repeatedly emphasized his long-standing views at the individual level, while the financial arrangements at the corporate level were independent decision-making.
Additional information:It was reported that Bitcoin reported $61981 on Monday, a decrease of 1.13 per cent in the daytime; the Etherfail had risen by 10.11 per cent over the past seven days, reporting $1747.