Strategy Sells 1,637 BTC for $104.7 Million Amid Market Volatility

Strategy, an investment firm, made significant moves in the market between July 27 and August 2. The company sold 1,637 BTC (Bitcoin) for approximately $104.7 million at an average price of $63,957 per Bitcoin.

The proceeds from this sale were split, with about half allocated to fund preferred stock dividends and the remaining amount used for STRC share repurchases.

During the same period, Strategy also raised $290.6 million through MSTR (Mastercard) share sales, purchased $81.2 million worth of STRC, and increased its U.S. dollar reserve to $4 billion.

The company still holds 842,138 BTC, acquired for $63.51 billion at an average purchase price of $75,419 per Bitcoin.