Firm converts Bitcoin holdings to cash, boosting share buybacks and expanding dollar reserves to $4.65 billion.
Strategy sold 1,690 BTC for $108.6 million between August 3 and August 9 at an average price of $64,262. The proceeds were allocated entirely to repurchasing STRC shares, reinforcing capital return efforts.
The company also liquidated 6.59 million MSTR shares for $653.1 million, using $650 million of the funds to increase its U.S. dollar reserve to $4.65 billion. Strategy’s remaining Bitcoin holdings stand at 840,447 BTC, acquired at an average price of $75,385 for a total cost of $63.36 billion.
No immediate market reaction was disclosed in the announcement.