Strategy Sells $109M in Bitcoin as Dollar Reserve Tops $4.6B

Michael Saylor’s Bitcoin treasury firm Strategy completed a sale of 1,690 BTC for $108.6 million in the week ending August 9, according to regulatory filings submitted on Monday. The transaction brought the firm’s Bitcoin holdings down to 840,447 from 842,138 BTC held the previous week. The coins were sold at an average price of $64,262 per unit, net of fees.
The proceeds from the Bitcoin sale were directed entirely toward repurchasing preferred stock. Strategy repurchased 1,152,020