Strategy Sells Another 1,690 BTC for $108.6 Million in Second Consecutive Week

Strategy has continued its Bitcoin sales into a second consecutive week, selling another 1,690 BTC for $108.6 million between August 3 and August 9.

The sale reduced Strategy's treasury to 840,447 BTC, with an aggregate purchase cost of $63.36 billion and an average acquisition price of $75,385 per coin.

Strategy used the entire proceeds from the Bitcoin sale to repurchase 1,152,020 STRC preferred shares for $108.6 million at roughly $94.27 per share.

This move retired STRC below its stated value and left $785.2 million available under Strategy's Digital Credit Securities Repurchase Program.