Strategy purchases another 130 bitcoin for $11.7M as total holdings hit 650,000 BTC; establishes new $1.44 billion dividend reserve
Strategy acquired 130 more BTC for $11.7M, bringing its total holdings to 650,000 BTC, and set up a $1.44 billion dividend reserve.Summary
Strategy (formerly MicroStrategy) purchased an additional 130 Bitcoin for approximately $11.7 million between November 17 and November 30, raising its total holdings to 650,000 BTC, acquired at an average cost of $74,436 per coin.
These latest acquisitions were funded by proceeds from at-the-market sales of its Class A common stock (MSTR). The company's executive chairman, Michael Saylor, noted that the total holdings represent over 3% of Bitcoin's total supply and imply significant paper gains despite recent market conditions.
Furthermore, Strategy announced the establishment of a $1.44 billion U.S. dollar reserve intended to support dividend payments on its preferred stocks and interest on existing debt. This announcement followed a period where weekly acquisitions seemed paused, and Saylor hinted at the reserve by suggesting they might start adding "green dots" to their Bitcoin tracker updates.
(Source：The Block)