Strategy Sells 1,638 Bitcoin for Dividend Funding and STRC Repurchases

Strategy, the publicly traded Bitcoin holding company led by chairman Michael Saylor, disclosed another sizable Bitcoin sale in an SEC filing. The company sold 1,638 BTC between July 27 and Sunday, generating $104.7 million at an average price of $63,957.

The proceeds from the sale were used to support capital-market obligations tied to its preferred stock financing structure. Specifically, $52.4 million was allocated to dividend payments on STRC preferred stock, while $52.3 million funded STRC share repurchases.

Strategy now holds 842,138 BTC, bought at an aggregate cost of $63.5 billion. This sale follows previous events that frame Strategy's approach to managing its capital structure.