Strategy sells 1,638 Bitcoin to fund dividends and STRC repurchases

Michael Saylor’s Strategy sold 1,638 Bitcoin in its second-largest sale of the year to fund dividend payments and repurchase its preferred STRC stock.

Michael Saylor’s Strategy sold 1,638 Bitcoin between July 27 and August 2, marking the year’s second-largest Bitcoin sale for the company.

Strategy sold 1,638 Bitcoin (BTC) at an average price of $63,957 for a total of $104.7 million, according to a Monday 8-K filing with the Securities and Exchange Commission. Of the proceeds, $52.4 million was used to fund dividend payments on Strategy’s STRC preferred stock, while another $52.3 million was used to repurchase STRC.

The company now holds 842,138 Bitcoin bought at an aggregate cost of $63.5 billion.

Strategy sold 3,588 Bitcoin for about $216 million on July 6. It also disclosed the sale of 32 Bitcoin in early June, its first reported Bitcoin sale since the 2022 tax-loss transaction.

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