Overview
- Strategy disclosed in an Aug. 3 SEC filing that it sold 1,638 BTC between July 27 and Aug. 2 for about $104.7 million and reduced its holdings to 842,138 BTC.
- The company allocated roughly $52.4 million of the sale to preferred‑stock dividends and $52.3 million toward repurchasing STRC preferred shares and bought back 912,143 STRC for $81.2 million.
- Strategy issued about 3.01 million MSTR common shares under its at‑the‑market program, raising $290.6 million and adding $250 million to its U.S. dollar reserve to bring the total to about $4.0 billion.
- Management kept STRC’s annual dividend at 12% and said the moves follow a June capital framework that permits conditional BTC monetization to fund reserves, dividend and repurchase programs.
- The actions follow a large Q2 fair‑value markdown on bitcoin and shift Strategy from pure accumulation to active capital management, which reduces near‑term BTC buying, raises dilution for common holders and could crystallize losses if further sales occur below the company’s aggregate cost basis.