Strategy Unloads $105M in Bitcoin for Dividends and Buybacks

Strategy, a company holding a substantial Bitcoin position, has sold a significant portion of its BTC holdings to fund dividends and share buybacks. According to a recent SEC filing, Strategy reduced its Bitcoin treasury by selling 1,638 BTC for approximately $105 million during the week ended August 2.

This sale lowered Strategy's holdings to 842,138 BTC, valued at $52.7 billion at current market prices. The proceeds from the sale were split almost evenly between funding preferred stock dividends and repurchasing STRC preferred shares.

In addition to the Bitcoin sale, Strategy generated over $290 million in net proceeds through the sale of about 3 million MSTR shares under its ATM program. This move will likely impact investors who hold shares in both Strategy and other related companies.