Strategy sold 1,638 BTC for approximately $104.7 million between July 27 and August 2, at an average price of $63,957 per coin. The proceeds were split between dividend payments on preferred stock ($52.4 million) and repurchases of STRC shares ($52.3 million). This sale marks the fifth consecutive week where the company has trimmed its Bitcoin holdings rather than adding to them. Strategy also sold 3,011,361 MSTR shares for $290.6 million, bringing its USD Reserve to $4 billion. The company still holds 842,138 BTC worth approximately $54 billion and maintains that its long-term posture toward Bitcoin remains unchanged.
Source: Read the original article

