Strategy Sells 1,690 BTC as MSTR Rejects $105 Level For the Third Time - Strategy (NASDAQ:MSTR)

Strategy Inc. (NASDAQ:MSTR) sold 1,690 Bitcoin (CRYPTO: BTC) for $108.6 million last week and raised another $653 million from share sales, pushing its USD reserve to $4.65 billion.

What Strategy Actually Did Last Week

Strategy filed an 8-K with the SEC Monday, confirming it sold 1,690 BTC at an average of $64,262 per coin between August 3 and August 9.

The proceeds funded the repurchase of 1,152,020 STRC preferred shares for $108.6 million.

Alongside the Bitcoin sale, Strategy sold 6,585,682 MSTR shares for $653.1 million, directing $650 million to its USD reserve and adding the remaining $3.1 million to cash.