Bitcoin drops under $63,000 as Strategy adds $100 million BTC



Strategy (MSTR) has acquired 1,550 bitcoin for $101 million, an average of about $65,161 a coin, raising its treasury to 845,256 bitcoin.

It also grew its USD reserve by $100 million to $1 billion, per a Monday filing.

Last Monday, Strategy disclosed it had sold 32 bitcoin at an average of $77,135, its first sale in four years, to help fund the dividend on its STRC perpetual preferred stock. That sale, tiny against an 845,000-coin treasury, still triggered a slide across crypto on fears Saylor’s accumulation era was ending.

But the firm sold last week because a dividend obligation needed funding. It has now refilled the dollar buffer that decides whether it ever has to touch the coin again.



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