Strategy Sells $104.7 Million in Bitcoin to Fund STRC Dividends and $81 Million Buyback
Updated
Updated · Decrypt · Aug 4
Strategy Sells $104.7 Million in Bitcoin to Fund STRC Dividends and $81 Million Buyback
3 articles · Updated · Decrypt · Aug 4
Summary
1,638 BTC were sold last week for $104.7 million, cutting Strategy’s holdings to 842,138 coins and marking its longest pause in Bitcoin purchases since June 22.
The sale funded $52.4 million in preferred-stock dividends and $52.3 million toward an $81 million STRC repurchase under a $1 billion buyback program, as STRC has traded below its $100 par value since mid-May.
At an average sale price of $63,957, Strategy sold below its $75,419 Bitcoin cost basis, while also raising $291 million through MSTR share sales and lifting cash reserves to $4 billion.
Michael Saylor defended the move by distinguishing Strategy’s treasury management from his personal “never sell” stance, underscoring a broader shift from pure Bitcoin accumulation toward supporting the company’s capital structure.