But whatever the label on Sunday’s transaction, the direction has not changed since December. Trump Media bought 11,542 bitcoin for about $1.37 billion at an average of $118,522 a coin, close to the top of last year’s cycle. Wallets linked to the company have since moved out 7,281 of them. Onchain analytics firm Lookonchain said those flows as sales averaging $74,855 a coin, which against the original cost basis would mark roughly $318 million in realized losses, with another $237 million sitting unrealized on what is left.And the treasury has been shrinking faster than the business it sits on. Trump…

Holders of Strategy’s (MSTR) high-yielding preferred stock STRC will not see a dividend increase in August.Led by Executive Chairman Michael Saylor, Strategy is maintaining the current 12% dividend on the shares.STRC investors may have been expecting as much as a 50-basis-point hike in the dividend as Strategy has customarily raised the payout anytime the stock traded sizably below its par value ($100) for the month.As recently as July 1, Strategy had lifted the dividend 50 basis points following June’s plunge in STRC to as low as $71. While that hike — along with Strategy’s sale of some bitcoin to fund…

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