WorldPingStrategy Sells $109M in Bitcoin as Dollar Reserve Tops $4.6B
All of the proceeds went into a $109 million STRC buyback, while the company sold six times as much again in its own stock.
Brief by WorldPing · Original reporting by Decrypt
WorldPingStrategy's total holdings account for roughly 4% of the 21 million bitcoin supply cap — worth roughly $55 billion.
This is a short WorldPing brief. The full report was published by The Block.
Read the full report at The Block
WorldPingAll of the proceeds went into a $109 million STRC buyback, while the company sold six times as much again in its own stock.
Brief by WorldPing · Original reporting by Decrypt
WorldPingStrategy sold 1,690 bitcoin for $108.6 million last week, using the proceeds to repurchase its STRC preferred stock as Michael Saylor’s company reshuffled a balance sheet still dominated by bitcoin.
Brief by WorldPing · Original reporting by Bitcoin.com
WorldPingThe company increased its USD reserve to $4.65 billion while reducing its bitcoin holdings to 840,447 BTC…
Brief by WorldPing · Original reporting by CoinDesk
WorldPingStrategy sold 1,690 Bitcoin to repurchase STRC shares as its US dollar reserve rose to $4.65 billion and its Bitcoin holdings fell to 840,447 BTC.
Brief by WorldPing · Original reporting by Cointelegraph
WorldPingU.S. persons must block and report covered property while foreign institutions risk sanctions for significant continued dealings.
Brief by WorldPing · Original reporting by CryptoSlate
WorldPingThe market rose even as the Senate left the crypto bill unpassed before its recess, with steady ETF inflows and a softer dollar doing more for prices than Washington.
Brief by WorldPing · Original reporting by CoinDesk