Crypto World
Bitcoin above $63,400 as Strategy adds $100 million BTC
Strive (ASST) picked up another 32 bitcoin for roughly $2.1 million at an average of $63,911, CEO Matt Cole disclosed Monday.
That is the exact number Strategy (MSTR) sold last week, its first bitcoin sale in four years, at an average of $77,135 to help fund preferred-stock dividends.
The buy adds to the 19,000 BTC the Dallas firm reported on June 2, a position built with no debt and run through its ASST and SATA at-the-market programs.
Bitcoin trades near $63,400, up about 1.3% over the past 24 hours and steadily climbing back from the slide that followed Strategy’s sale, per CoinDesk data.
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