<\/p>\n
The Bitcoin treasury firm Strategy (MSTR) has now gone three consecutive weeks without buying any BTC.<\/p>\n
On Monday, Strategy Chairman Michael Saylor announced<\/a> the company increased its US dollar reserve by $450 million over the past week but opted not to buy any new Bitcoin.<\/p>\n Over the two weeks prior, the firm sold a total of 3,588 BTC for $216 million. The sales, which sparked headlines across the crypto sector, materialized under the Strategy\u2019s newly introduced BTC monetization program<\/a>, designed to bolster the firm\u2019s cash reserve and support dividend payments.<\/p>\n The firm still holds 843,775 Bitcoin worth $52.47 billion at time of writing, as well as $3 billion in cash reserves.<\/p>\n In May, Strategy\u00a0sold<\/a> 32 BTC worth $2.47 million, the company\u2019s first Bitcoin sale since 2022, when the firm\u2019s subsidiary, MacroStrategy, hawked <\/a>704 BTC for approximately $11.8 million.<\/p>\n The May sale marked a dramatic shift in tone for Strategy after Saylor spent years encouraging investors to \u201cnever sell\u201d their BTC.<\/p>\n He did tip that a sale could happen, however,\u00a0suggesting<\/a> in a first-quarter earnings call that the firm would \u201cprobably sell some Bitcoin to fund a dividend just to inoculate the market \u2013 just to send the message that we did it.\u201d<\/p>\n Strategy was the first public company to adopt Bitcoin as its sole treasury reserve asset and remains the world\u2019s largest corporate holder of BTC by a wide margin.<\/p>\n Follow us on X<\/a>, Facebook<\/a> and Telegram<\/a><\/span><\/em>  <\/p>\n Generated Image: Midjourney<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" The Bitcoin treasury firm Strategy (MSTR) has now gone three consecutive weeks without buying any BTC. On Monday, Strategy Chairman Michael Saylor announced the company increased its US dollar reserve by $450 million over the past week but opted not to buy any new Bitcoin. Over the two weeks prior, the firm sold a total […]<\/p>\n","protected":false},"author":2,"featured_media":434044,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-434042","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/434042","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=434042"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/434042\/revisions"}],"predecessor-version":[{"id":434045,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/434042\/revisions\/434045"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/434044"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=434042"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=434042"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=434042"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\n<\/p>\nDisclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n