Strategy Sells 1,638 BTC for $104.7M, Grows Cash Reserve to $4B

Strategy sold 1,638 Bitcoin between July 27 and Aug. 2 for approximately $104.7 million at an average price of $63,957, using about half of the proceeds to pay preferred stock dividends and allocating the remainder to repurchase its STRC preferred shares. 

Separately, the company raised $290.6 million through sales of its MSTR common stock during the same period and spent $81.2 million buying back STRC shares. Following those transactions, Strategy increased its U.S. dollar cash reserve to $4 billion.

After the latest sale, Strategy continues to hold 842,138 BTC acquired for a total of $63.51 billion, with an average purchase price of $75,419 per Bitcoin. 

Bitcoin was trading at $62,818 at the time of writing, down 1% over the previous 24 hours, according to CoinGecko.

Source: Strategy