Strategy Sells 1,690 BTC at $64,262 Average Price for Second Straight Week

Strategy has sold 1,690 BTC at an average price of $64,262 for the second straight week, according to its latest SEC filing.

The company's total USD reserve now stands at $4.65 billion after selling the coins and using the proceeds to buy back STRC preferred stock.

Strategy repurchased 1,152,020 shares of its Variable Rate Series A Perpetual Stretch Preferred Stock for $108.6 million during the same period, bringing the total USD reserve up from $4 billion just one week earlier.

The company's CEO Phong Le has stated that the goal is for STRC to trade consistently near $99 to $100, which would allow Strategy to potentially slow down the buybacks and redirect capital.