Strategy Dumps 1,638 BTC, Boosts Dollar Reserve to $4 Billion

Strategy, a leading corporate Bitcoin holder, has sold 1,638 Bitcoins (BTC) for approximately $104.7 million during the week of July 27 and August 2. The company sold its latest batch at an average price of around $63,957 per coin, which is more than $10,000 below the almost $75,500 it paid on average to build its stash.

The sale has lifted Strategy's dollar reserve to $4 billion, with $52.4 million going towards preferred-stock dividends and $52.3 million funding buybacks of its STRC shares.

Strategy's founder and executive chairman, Michael Saylor, confirmed that the firm has continued to prioritize its dollar reserve, which is dedicated to covering obligations on preferred-stock dividends and company debt.