Strategy sells another 1,690 Bitcoin as USD reserve hits $4.65 billion

Strategy Inc. sold 1,690 Bitcoin between August 3 and August 9 at an average price of $64,262 per coin. The company used the $108.6 million proceeds to execute a buyback of STRC preferred stock, aiming to optimize financial stability and shareholder value. This strategic shift increased the company's USD reserve to $4.65 billion, while its total Bitcoin holdings decreased to 840,447 BTC. Michael Saylor continues revising the capital structure by selling Bitcoin and common shares.