TLDR
- Strategy sold 1,638 Bitcoin for $104.7 million during the latest reporting week.
- MSTR stock rose 1.80% to $94.96 after rebounding sharply from early weakness.
- Bitcoin sale proceeds funded STRC dividends and discounted preferred buybacks.
- Strategy raised its U.S. dollar reserve to $4 billion through fresh MSTR sales.
- The company now holds 842,138 Bitcoin acquired for approximately $63.5 billion.
Strategy Inc (MSTR) stock rose 1.80% to $94.96 by 11:20 a.m. EDT after rebounding sharply from early trading weakness. The gain followed disclosure that Strategy sold 1,638 Bitcoin and redirected proceeds toward STRC dividends and substantial share repurchases. The transaction marked another shift in Strategy’s capital policy as management balanced Bitcoin holdings, preferred obligations, and stronger cash reserves.
Bitcoin Sale Supports STRC Payments and Buybacks
Strategy sold the Bitcoin between July 27 and August 2 at an average price of $63,957 for each coin. The sale generated $104.7 million, and Strategy allocated $52.4 million to dividends and $52.3 million to STRC repurchases. Consequently, Strategy reduced its Bitcoin treasury to 842,138 coins, while its total purchase cost remained nearly $63.5 billion.
The latest disposal ranked as Strategy’s second-largest reported Bitcoin sale this year after its larger July 6 transaction. Earlier, the company sold 3,588 Bitcoin for about $216 million and reported another small 32-coin disposal during June. Those transactions ended the company’s long-running pattern of treating its large Bitcoin holdings as a one-way accumulation strategy.
Strategy adopted a broader capital framework on June 29, allowing Bitcoin sales for dividends, debt costs, reserves, and approved repurchases. The company also raised STRC’s annual dividend rate to 12% as the preferred security remained below its stated $100 value. However, management later revised that policy and added several market, yield, volatility, and liquidity factors to future dividend decisions.
MSTR Share Sales Expand Dollar Reserve
Strategy also sold 3.01 million MSTR shares during the week and raised approximately $290.6 million in total gross proceeds. The company directed $250 million into its dollar reserve, lifting the available reserve to $4 billion by Sunday. It used another $28.9 million for STRC repurchases and added the remaining $11.7 million to its general cash balance.
The combined transactions increased Strategy’s financial flexibility while supporting preferred payments without relying only on additional Bitcoin-backed financing arrangements. Executive Chairman Michael Saylor said the company’s STRC repurchases totaled $81.2 million across the full weekly reporting period. He also reported that the larger reserve extended Strategy’s dollar funding runway by 57 days to approximately 2.3 years.
STRC remains central to Strategy’s financing model because the company uses preferred securities to support eventual future Bitcoin purchases. Still, a persistent market price below stated value can reduce demand and weaken proceeds from new STRC issuance. Therefore, Strategy has prioritized discounted repurchases while maintaining broader cash coverage for dividends, interest payments, debt, and other corporate obligations.
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