The company has purchased 175,000 BTC year-to-date while selling 7,000 BTC to fund dividends and share buybacks.
Strategy will resume Bitcoin purchases later this year after recent sales, CEO Phong Le said. The firm has acquired 175,000 BTC since January, outpacing sales of 7,000 BTC by a 25-to-1 ratio.
Proceeds from sales were used to support preferred stock dividends, share repurchases, and USD reserves. Le emphasized the company’s long-term commitment to accumulating BTC despite short-term liquidations.
No immediate market reaction was reported following the announcement.