Strategy Sells $105 Million Worth of BTC Amid Reduced Holdings

Strategy, a company that holds significant Bitcoin (BTC) holdings, has made another large sale of its BTC reserves. Between July 27 and August 2, Strategy sold 1,637 BTC for approximately $104.7 million at an average price of $63,957 per Bitcoin.

The proceeds from the sale were used to fund preferred stock dividends, with half of the funds allocated towards this purpose. The remaining amount was used for STRC share repurchases.

During the same period, Strategy also raised $290.6 million through MSTR share sales and increased its U.S. dollar reserve to $4 billion. Notably, it has reduced its BTC holdings by 1,637 units, leaving it with 842,138 BTC. These Bitcoins were acquired for a total of $63.51 billion at an average purchase price of $75,419 per Bitcoin.