Strategy Reduces Bitcoin Holdings to 840.447 BTC by Selling 1.690 BTC
Prefer us on GoogleStrategy has reduced its total Bitcoin holdings to 840.447 BTC by selling a portion of its Bitcoin assets. In its latest sale, the company sold 1.690 BTC for approximately $108.6 million. Following this sale, the current value of Strategy's remaining Bitcoin holdings reached about $54.7 billion, representing approximately 4% of the Bitcoin supply. A portion of the sale proceeds was used to repurchase STRC preferred shares; a total of 1,152,020 STRC shares were bought back. The other portion strengthened the company's cash position, and as of August 9, Strategy's USD reserves increased by $650 million to reach $4.65 billion. The STRC stock has risen by more than 30% from its June low, supported by the increased cash reserves and the buyback program. During the same period, Strategy continued to raise funds from capital markets, selling 6,585,682 MSTR shares for approximately $653.1 million last week.
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