Strategy sold 5.43 million MSTR shares between July 20 and 26, raising $544.5 million net without allocating any funds to bitcoin purchases. Its treasury remains unchanged at 843,775 BTC, acquired for $63.69 billion at an average price of $75,476 per unit. The company instead chose to boost its dollar reserve to $3.75 billion and repurchase 288,930 preferred shares STRC for $25 million, reducing annual dividends by approximately $3.47 million. This operation follows the Digital Credit Capital Framework unveiled in late June, which authorizes up to $1.25 billion in bitcoin sales to fund reserves, dividends, or share repurchases.
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