Strategy Sells 1,638 Bitcoins to Fund STRC Stock and Dividends

Strategy, a company known for its large Bitcoin holdings, sold 1,638 Bitcoins in a transaction worth $104.7 million. This sale took place over the week ending August 2 and was used to fund preferred dividends and STRC stock buybacks.

The average price of each coin sold was $63,957. Following this sale, Strategy now holds 842,138 Bitcoins in its corporate reserve. The company also lifted its U.S. dollar reserve to $4 billion.

New Bitcoin purchases have been paused while management works to strengthen STRC stock and preserve financing flexibility during weaker cryptocurrency market conditions.