Strategy Sells 1,638 Bitcoin for $105M, Allocates Funds to Dividends and Share Buyback

Between July 27 and August 2, a company sold 1,638 Bitcoin for about $104.73 million, averaging $63,957 per coin after fees. The funds were allocated to cover preferred stock dividends and to buy back its STRC shares. Additionally, the company increased its USD reserve to $4.0 billion from $3.0 billion three weeks earlier, funding this increase with a $250 million sale of 3,011,361 MSTR shares. This activity reflects strategic financial management involving cryptocurrency assets and traditional equity instruments.