Strategy sold 1,690 BTC for $108.6 million between August 3 and 9, at an average price of $64,262 per unit, bringing its treasury down to 840,447 bitcoins. Proceeds from the sale were entirely used to repurchase 1,152,020 preferred shares STRC at approximately $94.27 per share, below their $100 par value. The company also raised $653.1 million by selling 6.59 million MSTR shares on the market, bringing its dollar reserve to $4.65 billion. This reserve is intended to cover $1.76 billion in annual dividends. Since the June peak of 847,363 BTC, holdings have declined by only 0.8%, a limited reduction that masks a strategic shift: bitcoin is now becoming a liquidity tool serving the group’s financial obligations.
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