Strategy sold 1,690 Bitcoin for nearly $109 million to buy back preferred-stock products instead of expanding its treasury. This sale comes seven weeks after the company’s last purchase and marks the second disposal this month, following an August sale of approximately $105 million. Since announcing in late June that it could sell up to $1.25 billion in Bitcoin, Strategy has now completed four separate sales. The company’s holdings stand at roughly $54 billion, representing approximately 4% of the total Bitcoin supply. CEO Phong Le highlighted that USD reserves and duration have reached all-time highs, with nearly $3.8 billion added in 2.5 months.
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