Strategy Inc (MSTR) Stock: Surges as 1,638 Bitcoin Sale Funds STRC Buybacks and Dividends
TLDR
- Strategy sold 1,638 Bitcoin for $104.7 million during the latest reporting week.
- MSTR stock rose 1.80% to $94.96 after rebounding sharply from early weakness.
- Bitcoin sale proceeds funded STRC dividends and discounted preferred buybacks.
- Strategy raised its U.S. dollar reserve to $4 billion through fresh MSTR sales.
- The company now holds 842,138 Bitcoin acquired for approximately $63.5 billion.
Strategy Inc (MSTR) stock rose 1.80% to $94.96 by 11:20 a.m. EDT after rebounding sharply from early trading weakness. The gain followed disclosure that Strategy sold 1,638 Bitcoin and redirected proceeds toward STRC dividends and substantial share repurchases. The transaction marked another shift in Strategy’s capital policy as management balanced Bitcoin holdings, preferred obligations, and stronger cash reserves.
Bitcoin Sale Supports STRC Payments and Buybacks
Strategy sold the Bitcoin between July 27 and August 2 at an average price of $63,957 for each coin. The sale generated $104.7 million, and Strategy allocated $52.4 million to dividends and $52.3 million to STRC repurchases. Consequently, Strategy reduced its Bitcoin treasury to 842,138 coins, while its total purchase cost remained nearly $63.5 billion.
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