Strategy has sold 1,638 BTC for $104.7 million, directing the proceeds toward preferred dividend obligations and buybacks of its STRC shares, according to a securities filing disclosing the transaction.

SEC Filing Details

The company reported the disposal of 1,638 BTC for $104.7 million in a filing with the U.S. Securities and Exchange Commission. The filing states the proceeds were earmarked to fund preferred dividend payments and to repurchase STRC shares, tying the bitcoin sale directly to capital-return and obligation-servicing needs rather than an open-market exit from its treasury position.

Strategy, the largest publicly traded corporate holder of bitcoin, has previously signaled a willingness to sell bitcoin to meet financing needs, having flagged the potential to raise billions for reserve, dividend, and buyback purposes.

Allocation Between Dividends and Buybacks

The filing links the sale proceeds to two distinct uses: covering preferred dividend obligations and funding STRC repurchases. STRC is the ticker for Strategy's Series A Perpetual Strike Preferred Stock, which carries a fixed dividend obligation for the company. The allocation splits the cash between a recurring liability and a discretionary shareholder action.

Routing bitcoin-sale proceeds into dividends and buybacks indicates Strategy is prioritizing the servicing of its preferred stock commitments and supporting STRC over expanding its bitcoin position. The move fits a broader pattern the company has telegraphed, having stated it would continue selling bitcoin and shift new capital away from BTC.

Treasury Context

Relative to the treasury and accounting picture laid out in its most recent quarterly results, which showed 843,775 BTC on the balance sheet, the disposal represents less than 0.2% of the company's holdings and is marginal in scale. This reinforces that the transaction reads as treasury management rather than a strategic retreat from the company's bitcoin holdings.

Strategy, formerly known as MicroStrategy, began accumulating bitcoin as a primary treasury reserve asset in 2020 under Executive Chairman Michael Saylor. The company has since become a proxy for investors seeking exposure to bitcoin through public-equity markets, making its periodic treasury disclosures closely watched indicators of corporate sentiment toward digital assets.

A subsequent corporate disclosure detailing the company's securities activity was also entered into the EDGAR record in early August, keeping the filing trail current for investors tracking Strategy's treasury and shareholder-return decisions.