Strategy Sells 1,638 Bitcoin for $104.7 Million to Fund Dividends and Repurchases
Strategy, a company known for its Bitcoin holdings and financial strategy, disclosed in an SEC filing that it sold 1,638 BTC between July 27 and Sunday at an average price of $63,957 per coin.
The sale generated approximately $104.7 million, making it the company's second-largest BTC selloff this year. Strategy used the proceeds to fund its preferred-stock dividend program and repurchase STRC shares.
Strategy currently holds 842,138 Bitcoin, purchased at an aggregate cost of $63.5 billion.
The company also reported increasing its US dollar reserve to $4 billion as of Sunday, funded in part by MSTR share sales.