The Bitcoin treasury agency Technique (MSTR) has now gone three consecutive weeks with out shopping for any BTC.
On Monday, Technique Chairman Michael Saylor introduced the corporate elevated its US greenback reserve by $450 million over the previous week however opted to not purchase any new Bitcoin.
Over the 2 weeks prior, the agency offered a complete of three,588 BTC for $216 million. The gross sales, which sparked headlines throughout the crypto sector, materialized below the Technique’s newly launched BTC monetization program, designed to bolster the agency’s money reserve and help dividend funds.
The agency nonetheless holds 843,775 Bitcoin value $52.47 billion at time of writing, in addition to $3 billion in money reserves.
In Could, Technique offered 32 BTC value $2.47 million, the corporate’s first Bitcoin sale since 2022, when the agency’s subsidiary, MacroStrategy, hawked 704 BTC for roughly $11.8 million.
The Could sale marked a dramatic shift in tone for Technique after Saylor spent years encouraging buyers to “by no means promote” their BTC.
He did tip {that a} sale may occur, nevertheless, suggesting in a first-quarter earnings name that the agency would “most likely promote some Bitcoin to fund a dividend simply to inoculate the market – simply to ship the message that we did it.”
Technique was the primary public firm to undertake Bitcoin as its sole treasury reserve asset and stays the world’s largest company holder of BTC by a large margin.
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