Bitcoin Is Falling-Strategy Just Spent $2.1 Billion on BTC
Decrypt • • business
Key Points:
- Strategy made its largest Bitcoin purchase in over nine months, acquiring 22,300 BTC for $2.1 billion, funded mainly through issuing common stock and selling preferred shares like STRC.
- Bitcoin's price fluctuated around $90,000 last week, influenced by geopolitical tensions including President Trump's renewed interest in Greenland, causing a 2% weekly decline.
- Strategy's stock has declined over 60% in the past six months, recently dropping over 7% in a week, while the company maintains $2.2 billion in cash reserves.
- STRC, a preferred share product promoted by Strategy’s co-founder Michael Saylor as a high-yield alternative for retirees, currently pays an 11% variable dividend and
