Between July 27 and August 2, Strategy sold 1,638 bitcoins for $104.7 million and raised an additional $290.6 million through MSTR share issuance. These funds were used to repurchase 912,143 STRC shares at an average price of $89.02, below their $100 par value, reducing the cost of future dividend payments set at 12% per year. The stock was trading at $94 on August 5, up more than 30% from its June low, but still below par. Strategy has suspended bitcoin purchases for six weeks, its longest pause since 2024, to prioritize bringing STRC back to par value. The company still holds 842,138 bitcoins, enough to finance similar operations without touching its core position.
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