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The company sold 32 BTC to cover dividend obligations on its STRC preferred shares.
The company's stated strategy is to increase its net Bitcoin holdings and the amount of Bitcoin held per share over time.
The firm frequently utilizes at-the-market equity sales to raise capital for its Bitcoin accumulation drive.
The company's leverage on Bitcoin exposure can amplify volatility, and its preferred dividend structure may necessitate selling Bitcoin at times that are not optimal for the company's treasury.