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Strategy Inc. Sells More Bitcoin and Stock to Bolster Cash Reserves

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Michael Saylor's Strategy Inc. is revising its capital structure by selling more Bitcoin and common shares to bolster its cash reserve.

The company, which owns about $58 billion in Bitcoin, sold $108.6 million of the digital asset in the seven days ended Aug. 9.

Along with this sale, Strategy Inc. also offloaded 6.6 million common shares worth around $653 million and repurchased $108.6 million of its Stretch (STRC) preferred shares.

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