Strategy sold 1,690 BTC for approximately $109 million during the week ended August 9, bringing its holdings down to 840,447 BTC. The company used the net proceeds to fund repurchases of its Stretch preferred stock, buying back over 1.1 million STRC shares in an effort to restore the security to par value. Strategy has now sold 6,948 BTC year-to-date, reducing its Bitcoin stockpile by about 0.8%. The firm also sold 6.59 million MSTR shares for approximately $653 million in net proceeds under its at-the-market offering, with $650 million added to its USD Reserve which reached $4.65 billion as of August 9.
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