🚨 Bitcoin Treasury Firm Sells 1,690 BTC, Raises $653M
A major Bitcoin treasury company sold 1,690 BTC for $108.6 million last week, while raising another $653.1 million through the sale of common shares.
The Bitcoin sale proceeds were used to repurchase 1.15 million preferred shares, while most of the common-stock proceeds went toward strengthening the company’s USD reserve.
📊 Key numbers:
• BTC holdings: 840,447 BTC
• Average BTC purchase price: $75,385
• BTC sold at: $64,262
• USD reserve: $4.65B
• Preferred-share repurchases: $108.6M
The company still has $785.2M remaining under its preferred-stock repurchase program and another $1B available for common-stock buybacks.
👀 Bitcoin treasury strategies continue to evolve as companies balance BTC exposure, liquidity and shareholder returns.
#dyor #NFA✅
A major Bitcoin treasury company sold 1,690 BTC for $108.6 million last week, while raising another $653.1 million through the sale of common shares.
The Bitcoin sale proceeds were used to repurchase 1.15 million preferred shares, while most of the common-stock proceeds went toward strengthening the company’s USD reserve.
📊 Key numbers:
• BTC holdings: 840,447 BTC
• Average BTC purchase price: $75,385
• BTC sold at: $64,262
• USD reserve: $4.65B
• Preferred-share repurchases: $108.6M
The company still has $785.2M remaining under its preferred-stock repurchase program and another $1B available for common-stock buybacks.
👀 Bitcoin treasury strategies continue to evolve as companies balance BTC exposure, liquidity and shareholder returns.
#dyor #NFA✅