Strategy Sells $109M in Bitcoin as Dollar Reserve Tops $4.6B - Decrypt

In brief

Strategy sold 1,690 BTC for $108.6 million in the week to Aug 9, leaving 840,447 coins in its treasury.

All of the proceeds funded a $108.6 million STRC buyback, its third under a $1 billion program.

Separate sales of $653.1 million of common stock lifted the dollar reserve to $4.65 billion.

Michael Saylor's Bitcoin treasury firm Strategy sold 1,690 BTC for $108.6 million in the week to Aug 9, according to an 8-K filed Monday, cutting its Bitcoin stack to 840,447 BTC from the 842,138 held a week earlier. The coins went at an average of $64,262, net of fees.The sales leave Strategy with an aggregate cost basis of $63.36 billion, or $75,385 per Bitcoin—$11,123 more than this week's coins fetched.