Strategy Sells $105M in Bitcoin to Fund Preferred Stock Buyback and Build Cash Reserves
Strategy Inc. (formerly MicroStrategy) sold 1,638 Bitcoin for $104.7 million at an average price of $63,957—below its acquisition cost—ending a four-week buying pause. The company used proceeds to repurchase $81 million of STRC preferred stock, fund dividends, and boost USD reserves to $4 billion, while also raising $290.6 million through common stock sales.