Strategy sells 1,690 Bitcoin to fund STRC preferred buyback as dollar reserves reach $4.65B
Strategy (MSTR) sold 1,690 BTC (~$108.6M) and used all proceeds to repurchase STRC preferred shares, prioritizing returning the instrument to its $100 par value while reporting a $4.65B dollar reserve. The sale is a discrete source of spot supply and signals active balance-sheet management rather than accumulation, which can modestly affect near-term BTC positioning and crypto sentiment around corporate treasury behavior.
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Strategy sold 1,690 Bitcoin last week, raising $108.6 million and allocating all of it to buying back its STRC preferred shares to help push the price back to the $100 par value. The company also raised another $653.1 million through other means, bringing its dollar reserves to $4.65 billion. Chief executive Michael Saylor said the preferred-share buyback is the firm’s top priority.