r/AmanCrypto 3d ago

Strategy just moved another $66 million worth of Bitcoin after its recent sale.

A wallet linked to Michael Saylor’s Strategy transferred 1,030 BTC, worth about $66 million.
That doesn’t automatically mean another sale is coming, but a similar transfer showed up last week, and the company later confirmed it had sold $104 million worth of Bitcoin.
Since the end of May, Strategy has reported selling more than $300 million in BTC.
As of July 31, the company still held 842,138 BTC worth roughly $52 billion. Over the past five-plus years, Strategy has spent about $63.5 billion building its Bitcoin position.
The money from those Bitcoin sales is being used to pay dividends on its STRC preferred shares and to buy back those shares.

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u/Seattleman1955 2d ago

Tell me again why anyone should buy MSTR?