Strategy Unloads 1,638 BTC to Fund Dividends and STRC Repurchases

Michael Saylor's Strategy sold 1,638 Bitcoin between July 27 and August 2, marking the year's second-largest Bitcoin sale for the company.

The total value of the sale was $104.7 million, with an average price of $63,957 per BTC.

Of the proceeds, $52.4 million was used to fund dividend payments on Strategy's STRC preferred stock, while another $52.3 million was used to repurchase STRC.

The company now holds 842,138 Bitcoin bought at an aggregate cost of $63.5 billion.