Strategy Reduces Bitcoin Exposure Again, Redirects Funds Toward STRC Repurchase Plan

Strategy (MSTR) reduced its bitcoin treasury by 1,638 BTC last week, earning $104.73 million from the sale of the digital assets. The company also raised $290.6 million through the sale of its common shares.

In addition, Strategy bought back 912,143 shares of its STRC preferred stock for $81.2 million, according to a Monday SEC filing.

The latest bitcoin sales brought Strategy’s total BTC holdings down to 842,138 coins. The company has spent $63.51 billion acquiring its bitcoin reserves, with an average purchase price of $75,419 per BTC. Strategy also added $250 million to its cash reserves, increasing its total U.S. dollar holdings to $4 billion.

Over the weekend, Strategy said it would continue paying a 12% annual dividend on STRC. The company stated that it does not expect to recommend reducing the dividend unless STRC shares trade consistently close to their $100 stated value.

MSTR shares fell 1.9% before the market opened as bitcoin declined over the weekend to around $62,500. STRC remained largely unchanged during the session.