Strategy sold 1,638 Bitcoin between July 27 and Sunday, using $52.4 million of the proceeds for dividend payments on its STRC preferred stock and another $52.3 million for STRC repurchases. The company now holds 842,138 Bitcoin. It also raised $290.6 million through MSTR share sales, using $250 million to increase its USD reserve to $4 billion.
The sale of 1,638 Bitcoin, valued at $104.7 million at an average price of $63,957, marks the latest in a series of Bitcoin disposals by Strategy. The firm previously sold 3,588 Bitcoin on July 6 and 32 Bitcoin in early June, according to filings and market data. The latest transaction follows a capital framework disclosure in late June, which raised the STRC dividend rate to 12% and reported a USD reserve of $2.55 billion.
Michael Saylor, Strategy’s founder and chairman, confirmed on Monday that the company repurchased $81.2 million worth of STRC stock and extended its USD runway by 57 days to 2.3 years. The firm’s aggregate Bitcoin holdings, valued at $63.5 billion, now total 842,138 coins. Separately, MSTR share sales generated $290.6 million, with $250 million allocated to bolster the USD reserve to $4 billion.
CryptoQuant CEO Ki Young Ju had earlier urged Strategy to “rebuild cash reserves” and adopt a “systematic framework” for Bitcoin purchases, citing concerns over the firm’s liquidity position. STRC stock currently trades at $89.40, 10.6% below its $100 target value, though the implications of this gap remain speculative.
The company’s dual focus on dividend payouts and stock repurchases reflects its ongoing efforts to balance shareholder returns with financial stability. However, the exact timing of Bitcoin sales and the broader impact of market conditions on its strategy remain subjects of analysis.
Written by Rebecca Shaw
Industry Desk
