Bitcoin Treasurer Strategy (MSTR) has now gone four weeks in a row without buying anything Bitcoin.
Company Announce It announced on Monday that it had increased its US dollar reserves by $225 million over the past week, though it refrained from buying any new bitcoin.
It’s the second week in a row for the strategy Without buying or selling any BTC after that Announcement last week Which she added $450 million to its cash reserves.
These announcements came after a two-week period during which the company sold a total of 3,588 Bitcoin for $216 million. The sales, which generated headlines across the cryptocurrency sector, were made possible with Bitcoin newly introduced to the strategy Monetization programdesigned to enhance the company’s cash reserves and support dividends.
The company still owns 843,775 bitcoins worth $54.9 billion at the time of writing, in addition to $3.2 billion in cash reserves.
Chaitanya Jain, Head of Bitcoin Products and Investor Strategy at Strategy, He says The company’s dividend coverage now stands at 1.8 years with its USD reserves and 31 years with its BTC reserves.
Strategy was the first public company to adopt Bitcoin as a sole treasury reserve asset and remains the largest holder of BTC in the world by a wide margin.
company shares, MSTRis down roughly 38% year-to-date but is up more than 3% in the past five days.
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