Strategy Sells $105M in Bitcoin as Dollar Reserve Hits $4B

The sales leave Strategy with an aggregate cost basis of $63.51 billion, or $75,419 per Bitcoin—$11,462 more than it took for this week's coins.

Strategy said $52.4 million of the sale proceeds funded dividends on its preferred stock and $52.3 million went toward repurchasing STRC shares.

The repurchase came to $81.2 million, or 912,143 STRC shares, with the remaining $28.9 million funded out of common stock sales. It is Strategy's second buyback under a $1 billion program announced June 29 and first used last week with a $25 million purchase, leaving $893.8 million of authorization outstanding.