Home BlockchainStrategy Spends $200 Million on Bitcoin, Raises STRC Dividend Yet Again

Strategy Spends $200 Million on Bitcoin, Raises STRC Dividend Yet Again

by Decrypt
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Strategy Spends $200 Million on Bitcoin, Raises STRC Dividend Yet Again

In brief

  • Strategy purchased $200 million worth of Bitcoin last week.
  • The company issued STRC, but proceeds mostly came from common shares.
  • Strategy raised STRC’s monthly dividend for a seventh time to 11.5%.

Strategy disclosed its third-largest Bitcoin purchase of the year on Monday, scooping up $200 million worth of the asset using proceeds that partially came from preferred shares.

The Tysons Corner, Virginia-based firm now owns roughly 720,750 Bitcoin, according to a press release, with its holdings…

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