Strategy Sells 1,690 Bitcoin for $108.6 Million to Repurchase STRC Shares 

Strategy used $108.6 million from Bitcoin sales to buy back STRC stock during the week ending Aug. 9, after selling 1,690 BTC at an average price of $64,262.

Separately, the company raised $653.1 million from the sale of 6.59 million MSTR shares. It allocated $650 million of those proceeds to its U.S. dollar reserve, bringing the reserve to $4.65 billion.

The company’s Bitcoin holdings stand at 840,447 BTC, purchased for a combined $63.36 billion at an average acquisition cost of $75,385 per coin. 

Bitcoin was trading at $64,012, down 2% over the previous 24 hours.

Source: Strategy