Strategy Unloads 1,638 Bitcoin in Dividend-Paying Repurchase

Strategy, a company led by Michael Saylor, has sold off a significant portion of its Bitcoin holdings to fund dividend payments and repurchase its preferred STRC stock. The sale consisted of 1,638 BTC, which were sold at an average price of $63,957 between July 27 and Sunday, resulting in total proceeds of $104.7 million.

Of the proceeds, Strategy used $52.4 million to fund dividend payments on its STRC preferred stock and another $52.3 million to repurchase more STRC shares. This move has brought Strategy's total Bitcoin holdings down to 842,138 BTC, which were acquired at an aggregate cost of $63.5 billion.