Strategy Unloads 1,638 Bitcoin for $104.7 Million to Support STRC Stock Buybacks

Strategy, a corporate investor that holds a significant amount of Bitcoin, has sold 1,638 BTC for $104.7 million to support its dividend payments and stock buybacks.

The sale occurred at an average price of $63,957 per coin, with the proceeds being used to fund preferred dividends and STRC stock repurchases under the company's approved securities program.

Strategy repurchased 912,143 STRC shares for $81.2 million during the reporting period, leaving about $893.8 million available under the preferred-securities repurchase authorization.

The company has maintained STRC’s semi-monthly dividend at $0.50 per share, which is a 12% annualized rate based on the $100 stated value.