Strategy (formerly MicroStrategy) sold 1,690 BTC for $108.6 million between August 3 and 9, at an average price of $64,262 per coin. All proceeds funded the repurchase of 1,152,020 shares of STRC preferred stock, whose price has been declining for months. The company still holds 840,447 BTC, the largest corporate Bitcoin treasury, but now sells below its average cost basis of $75,385 per coin. Strategy also sold 6.58 million MSTR shares for $653.1 million through its ATM program, bringing its USD reserve to $4.65 billion. The STRC preferred stock yielding 12% annual dividend trades at $95.01, well below its $100 par value, despite a 33% recovery from its low of $71.25.
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