Strategy Unloads Another 1,690 BTC as Dollar Reserve Reaches $4.65 Billion

Strategy, the company behind MSTR, has offloaded another 1,690 BTC in a recent sale. The sale took place between August 3 and August 9 at an average price of $64,262 per BTC.

This latest transaction brings Strategy's reported Bitcoin sales in recent weeks to 6,916 BTC. Strategy used the full $108.6 million from the sale to repurchase 1,152,020 shares of its variable-rate STRC preferred stock.

The company's dollar reserve has increased to $4.65 billion as of August 9, following a series of transactions aimed at strengthening its financial position. Strategy sold 6.59 million MSTR common shares last week, raising $653.1 million.