Strategy once again used part of its Bitcoin holdings to fund dividend payments and share buybacks. Over the past week, the company sold 1,638 BTC for $104.7M, leaving it with 842,138 BTC.
The average selling price was $63,957 per BTC. The remaining Bitcoin reserve was acquired at a total cost of $63.5B, with an average purchase price of $75,419 per BTC.
Nearly all of the proceeds from the Bitcoin sale were allocated to two purposes: approximately $52.4M was used to pay dividends on STRC preferred shares, while another $52.3M went toward repurchasing those shares.
Strategy also continued selling MSTR shares through its at-the-market (ATM) program, selling more than 3 million shares and raising $290.6M after fees. Of that amount, $250M was added to the company’s U.S. dollar reserve, $28.9M was used for additional STRC share repurchases, and another $11.7M was added to the company's cash balance. The remaining capacity under the ATM program exceeds $22.6B.
During the reporting period, the company also repurchased 912,143 STRC shares for $81.2M. Following the transaction, approximately $894M remains available under the STRC share repurchase program. A separate $1B share buyback program for MSTR common stock remains unchanged.
The board of directors maintained the annual dividend rate for STRC at 12% and declared another dividend payment of $0.50 per share. As of August 2, Strategy’s U.S. dollar reserve had reached $4B, including funds expected from share issuance transactions that have not yet closed.