Strategy sells 1,638 Bitcoin to fund dividends and STRC repurchases
Strategy sold 1,638 Bitcoin between July 27 and August 2 at an average price of $63,957, raising $104.7 million. About $52.4 million funded dividends on STRC preferred stock, and $52.3 million was used to repurchase STRC. After the sale, Strategy held 842,138 Bitcoin with an aggregate purchase cost of $63.5 billion. During the same period, Strategy sold $290 million of MSTR shares. Roughly $250 million was added to its USD reserve, $28.9 million went to more STRC buybacks, and $11.7 million increased cash. The company said it repurchased $81 million of STRC and extended its USD runway by 57 days to 2.3 years. STRC traded below its $100 par value, which can limit Strategy’s ability to raise funds through that instrument and may pressure dividend rates higher.
