# Strategy sells 1,638 Bitcoin to fund dividends and STRC repurchases The company generated $104.7 million in revenue from its second-largest Bitcoin sale of the year. - **Source:** [Cointelegraph.com News](https://brifing.si/source/2e81e982-0137-4db0-8ac2-351f37085775) - **Published:** 2026-08-03 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/df0c5856-5058-4983-81e2-a3d05e48d881 ## Strategy's major Bitcoin sale Strategy sold 1,638 Bitcoin between July 27 and August 4, marking its second-largest sale of the year. The Bitcoins were sold at an average price of $63,957, generating total revenue of $104.7 million. This sale is one of the largest transactions reported by the company since its tax-loss sale in 2022. Strategy still holds 842,138 Bitcoin, with a total cost of $63.5 billion for these assets. ## Use of funds Of the $104.7 million generated, $52.4 million was used to fund dividend payments on Strategy's STRC preferred stock. The remaining $52.3 million was allocated to repurchasing STRC shares. During the same period, the company raised an additional $290.6 million through MSTR share sales. $250 million of these funds were used to increase US dollar reserves, while $28.9 million went to STRC repurchases and $11.7 million was added to the cash balance. ## Michael Saylor's statements Strategy founder and chairman Michael Saylor announced in an X post that the company repurchased $81.2 million worth of STRC stock and extended its US dollar runway by 57 days to 2.3 years. Saylor emphasized that these moves enhance the company's financial flexibility. Strategy's US dollar reserves reached $4 billion, ensuring the company can meet its short-term obligations. ## STRC stock performance According to Yahoo Finance data, Strategy's perpetual preferred stock STRC traded at $89.40 in Monday's pre-market trading, 10.6% below its $100 target value. The company's MSTR stock also declined 0.9% in pre-market trading. STRC is one of Strategy's financing mechanisms for Bitcoin purchases, and trading below target value could limit the company's ability to raise funds. ## Future of STRC STRC shares trading below target value may pressure Strategy to increase dividend rates. The company had already raised the annual dividend rate on STRC preferred stock to 12% in a June 29 8-K filing. This move was aimed at attracting investors and supporting STRC's price. Strategy's US dollar reserves also grew to $2.55 billion, strengthening the company's financial stability. ## Expert opinions CryptoQuant CEO Ki Young Ju said in a June 24 X post that Strategy should pause Bitcoin purchases and rebuild cash reserves. Ju noted that the company's dividend coverage period had dropped from seven years to 14 months, stating, "They should pause Bitcoin purchases, rebuild cash reserves, and adopt a systematic framework for purchase timing." Ju's warning suggests Strategy may need to review its financial strategy. ## Strategy's financial position Strategy's recent financial moves are part of its Bitcoin asset management strategy. The company uses revenue from Bitcoin sales to fund dividend payments and share repurchases, aiming to boost investor confidence and support share prices. Strategy's $4 billion US dollar reserves and 2.3-year cash runway ensure the company can meet short-term financial needs. ## Market impacts Strategy's Bitcoin sales and financial moves could have broad implications for the crypto market. The company's Bitcoin asset management strategy serves as an example for other institutional investors. Strategy's dividend payments and share repurchases may increase investor confidence. However, STRC shares trading below target value could limit the company's fundraising ability, potentially affecting future Bitcoin purchases. ## Sources covering this story - https://cointelegraph.com/news/strategy-sells-bitcoin-dividend-strc?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._