Strategy Sells 1,638 BTC for Dividend Payments and STRC Buybacks

Strategy, the largest corporate Bitcoin holder, has sold 1,638 BTC ($104.7M) between July 27th and August 2nd at an average price of $63,957. This sale will fund dividends and buybacks for its preferred stock, STRC.

The proceeds from the sale are split almost evenly: $52.4M will go towards dividend payments via preferred stock, while $52.3M is allocated for repurchasing STRC shares under the Digital Credit Securities Repurchase program.

Michael Saylor, Chairman of Strategy, stated that this move aims to balance its BTC-centered treasury strategy with commitments to preferred shareholders. Simultaneously, the company has strengthened its financial position through an at-the-market equity offering, collecting $290.6M from selling over 3 million MSTR shares.