Crypto

Strategy sells another 1,690 bitcoin, uses proceeds to buy back STRC and boost dollar reserves

Strategy sold 1,690 bitcoin and used the $108.6 million proceeds to repurchase its STRC preferred shares, according to a filing. The company sold the bitcoin at an average net price of $64,262 per coin, below its average purchase price of $75,385 including fees and expenses. Strategy said its dollar reserves stood at $4.65 billion as of Aug. 9, up from about $4 billion a week earlier.

Industry

Mega project to begin 353 trillion won investment this year; Lee says blitz over speed campaign

South Korea\'s government said it will accelerate a mega project, with 353 trillion won in investments set to begin this year through construction starts or facility expansions. President Lee Jae-myung called for parallel procedures, shorter timelines and regulatory improvements, and ordered steps to enable early use of the Gwangju military airport site as a semiconductor industrial complex. The plan also detailed power and water supply schedules and expanded support measures for robots, parts suppliers and smaller firms.