Strategy sells 1,638 bitcoin for $104.7 million to fund STRC dividends and buybacks
AI Market Summary
Strategy disclosed selling 1,638 BTC for $104.7m, using proceeds to fund STRC preferred dividends and repurchases, while also selling $290m of MSTR shares to bolster a $4bn USD reserve. The transactions signal active balance-sheet management and introduce incremental spot supply, but the firm remains heavily long BTC with 842,138 holdings. STRC trading below par may constrain future financing for BTC accumulation.
Impact level
● Medium
Affected assets
BTC/USDT+0.93%
AI Insight · BTC/USDTAI Insight
● Neutral
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Strategy disclosed in an SEC 8-K filing that it sold 1,638 bitcoin for $104.7 million. It used $52.4 million of the proceeds to pay dividends on its STRC preferred stock and $52.3 million to repurchase STRC. The company said it now holds 842,138 bitcoin with an aggregate purchase cost of $63.5 billion. Strategy also reported selling $290 million of MicroStrategy (MSTR) shares over the same period, while MSTR fell 0.9% in Monday premarket trading.
