Strategy Proposes Daily Dividends on Preferred Stock, Buys 1,665 BTC
- —Bought 1,665 BTC for $142.7 million at an average of $85,681 per coin
- —Total holdings now 847,666 BTC at an average cost of $75,437
- —Sale of 1.47 million MSTR shares raised $246.2 million, with $103.5 million used to repurchase STRC
- —Shareholder vote ends Oct. 28; first STRC payout under the new schedule set for Nov. 2
Why it matters: Faster dividend accrual could shore up demand for Strategy's preferreds and its ability to fund further BTC purchases without selling coins.
Source: 2Bitcoins.ru