Michael Saylor’s Strategy sold 1,638 Bitcoin between July 27 and August 2, marking the year’s second-largest Bitcoin sale for the company.
Strategy sold 1,638 Bitcoin (BTC) at an average price of $63,957 for a total of $104.7 million, according to a Monday 8-K filing with the Securities and Exchange Commission. Of the proceeds, $52.4 million was used to fund dividend payments on Strategy’s STRC preferred stock, while another $52.3 million was used to repurchase STRC.
The company now holds 842,138 Bitcoin bought at an aggregate cost of $63.5 billion.
Strategy sold 3,588 Bitcoin for about $216 million on July 6. It also disclosed the sale of 32 Bitcoin in early June, its first reported Bitcoin sale since the 2022 tax-loss transaction.
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