Overview
- Strategy disclosed in an 8‑K that it sold 1,638 BTC for roughly $105 million to fund dividend payments and repurchases of its STRC preferred shares.
- The coins were sold at an average near $64,000 each which is substantially below the company’s aggregate acquisition cost and therefore realizes losses on those sales.
- Proceeds and separate at‑the‑market equity raises lifted the company’s USD reserve to about $4.0 billion and left its BTC holdings near 842,138 coins after these transactions.
- Strategy has begun publishing new public tools to frame credit resilience, including a 200‑week moving average tracker and a BTC Credit model that uses a 10% annual return, 40% volatility, and a $62,900 reference price.
- The moves mark a clear policy shift from steady accumulation to active balance‑sheet management under the board‑approved Digital Credit Capital Framework and create tradeoffs between crystallized losses for shareholders and reduced short‑term financing risk.