Riot Platforms and MARA Drop 6%, CleanSpark Sinks 5% as Strategy Sells Bitcoin, Shares

Riot Platforms and MARA Drop 6%, CleanSpark Sinks 5% as Strategy Sells Bitcoin, Shares

Strategy's latest 8-K just sent shockwaves through the entire Bitcoin mining sector, and the fallout raises a bigger question about whether Michael Saylor's capital pivot is only getting started.

Strategy dumps yet more Bitcoin, latest $109 million sell-off comes amid a seven-week buying hiatus

The company’s fourth Bitcoin sale since June underscores its push to build cash and reassure investors.

Strategy Sells Bitcoin Below Cost Again and Steers $650 Million of Share Sales Into Cash

Strategy sold 1,690 bitcoin for $108.6 million between Aug. 3 and Aug. 9, its second straight week of selling, according to a Form 8-K the company filed Monday. It sold at an average of $64,262 a coin, roughly $11,000 under its $75,385 average cost basis, a realized loss of about $18.8 million. Equity sales more than doubled over the same stretch, bringing in $653.1 million from 6,585,682 MSTR shares, against the $290.6 million it raised the wee…

Strategy sells 1,690 bitcoin, raises $653 million from MSTR shares

The company increased its USD reserve to $4.65 billion while reducing its bitcoin holdings to 840,447 BTC

Strategy Sells 1,690 BTC To Fund STRC Stock Buybacks As Bitcoin Holds Steady

BitcoinWorld Strategy Sells 1,690 BTC to Fund STRC Stock Buybacks as Bitcoin Holds Steady Strategy has sold 1,690 BTC as of the latest disclosure to fund its ongoing STRC stock buyback program, while Bitcoin’s price has remained stable, according to the company’s most recent filing. Context of the Sale This transaction is part of Strategy’s broader capital allocation strategy, which involves periodically selling a portion of its Bitcoin holding…