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Strategy Unloads 1,690 BTC, Boosts STRC Buybacks with Proceeds

Guavy AI Editorial Team
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BTC
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Strategy has executed a bold financial move by selling 1,690 BTC between August 3 and August 9. This sale generated $108.6 million in proceeds that were immediately channeled into repurchasing shares of STRC.

The average price per Bitcoin achieved during the sale was $64,262. Strategy's decision to sell a significant portion of its BTC holdings reflects a cautious approach amid market sentiment characterized by Fear.

Additionally, Strategy sold 6.59 million MSTR shares for $650 million, boosting its U.S. dollar reserves to $4.65 billion.

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