Strategy sold 1,638 bitcoin for $104.73 million between July 27 and Aug. 2, an average of $63,957 a coin net of fees, and used the money to cover preferred stock dividends and buy back its own STRC shares, according to a Form 8-K filed Monday.
The company said $52.4 million of the proceeds funded dividends on its preferred stock and $52.3 million funded STRC repurchases under the Digital Credit Securities Repurchase Program.
The sale price sat about 15% below the $75,419 average cost of the coins Strategy still holds. After the sale, the company owns 842,138 bitcoin acquired for $63.51 billion. Bitcoin traded around $63,714 on Monday, up roughly 1% on the day and down 1.4% over seven days, about 49% below the October 2025 record of $126,080, according to CoinGecko.
Strategy also disclosed a larger cash buffer. Its USD Reserve, which the company maintains to support preferred dividends and debt interest, stood at $4.0 billion as of Aug. 2, including expected proceeds from ATM shares sold but not yet settled. The reserve was $3.0 billion as of July 12.
The increase came from stock sales rather than operations. Strategy sold 3,011,361 MSTR shares in the week for $290.6 million in net proceeds, directing $250 million to the USD Reserve, $28.9 million to STRC repurchases and $11.7 million to its cash balance. It sold no preferred shares under its ATM programs.
