62 Days
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Reduced Institutional Bitcoin Interest
Strategie Company, managed by Michael Saylor, announced the sale of 1,638 Bitcoins worth $104.7 million between July 27 and August 2, at an average price of $63,957 per Bitcoin. About half of the proceeds were used for dividends on preferred shares, while the remaining amount was allocated to share buybacks. Additionally, the company raised $290.6 million by selling 3.01 million shares in the market. In contrast, Bitcoin Exchange-Traded Funds (ETFs) in the United States experienced outflows of $265.37 million on Friday, reversing the weekly inflows and resulting in a total outflow of over $61 million from the market this week.
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