MicroStrategy Sells $216 Million Worth of Bitcoin to Fund Dividends
MicroStrategy sold approximately 3,588 BTC for around $216 million to fund dividends on its preferred stock and replenish cash reserves. The sale comes amid a decline in Bitcoin prices since late last year, raising concerns about the sustainability of MicroStrategy's business model.
Tickers: $MSTR
Topics: Bitcoin Company Strategy Dividend Funding Stock Sale