Strategy, formerly known as MicroStrategy, has increased its annual dividend rate from 9.0% to 10.0% as of September 2nd, following a substantial Bitcoin acquisition. The firm purchased 4,048 BTC valued at approximately $449.3 million, as announced by chairman Michael Saylor. This move has propelled the company's stock price to $97.75, with a market capitalization of $2.74 billion.
Strategy's total Bitcoin holdings now stand at 636,505 BTC, acquired at an average price of $73,765 per BTC. The dividend increase reflects the company's robust financial performance and growing investor confidence, bolstered by its aggressive Bitcoin treasury strategy.
Strategy Raises Dividend to 10% Following Major Bitcoin Purchase
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