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MSTR Stock Surges on 1,638 Bitcoin Sale

Guavy AI Editorial Team
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BTC
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Strategy Inc (MSTR) stock rose 1.80% to $94.96 after rebounding sharply from early trading weakness.

The gain followed disclosure that Strategy sold 1,638 Bitcoin between July 27 and August 2 at an average price of $63,957 for each coin.

The sale generated $104.7 million, with $52.4 million allocated to dividends and $52.3 million to STRC repurchases.

Strategy reduced its Bitcoin treasury to 842,138 coins while maintaining a total purchase cost of nearly $63.5 billion.

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