Strategy Unloads 1,638 Bitcoin for Dividend Payments and Share Repurchases

Strategy, a company led by Michael Saylor, has made its second-largest Bitcoin sale of the year. The company sold 1,638 BTC between July 27 and August 2 at an average price of $63,957.

The total proceeds from this sale were approximately $104.7 million. Strategy used a significant portion of these funds to pay dividends on its STRC preferred stock, amounting to $52.4 million.

An additional $52.3 million was allocated towards repurchasing STRC shares.