Strategy sells $105M in bitcoin to fund preferred dividends

Following the transaction, Strategy's bitcoin reserve stands astatine 842,138 coins, valued astatine astir $53 cardinal based connected existent marketplace prices. The institution besides said it repurchased $81 cardinal of its STRC preferred shares and accrued its USD Reserve by $250 million, bringing the full currency cushion to $4 billion.

The bitcoin merchantability is the latest measurement successful a superior model Strategy adopted successful precocious June that formally authorizes absorption to merchantability bitcoin and nonstop proceeds toward reserve building, dividend and involvement obligations, oregon stock repurchases. The committee authorized bitcoin income of up to $1.25 cardinal nether that plan. Two abstracted repurchase authorizations — each covering up to $1 cardinal — were established for preferred securities and people A communal stock.

The model marked a important displacement from Strategy's humanities posture. The institution had designated bitcoin its superior treasury reserve plus and mostly avoided selling it, but mounting obligations tied to its preferred banal and convertible indebtedness pushed it toward progressive superior management. CEO Phong Le described the caller attack arsenic 1 of two-way flexibility, putting superior retired erstwhile conditions favour issuance and pulling it backmost erstwhile buybacks make value, the institution said.

Strategy has faced unit crossed its superior operation successful caller months. Its preferred shares sank to a grounds debased of astir $75, a 25% discount to their $100 look value, portion the communal banal shed much than 80% of its worth from its November 2024 peak, according to The Wall Street Journal. Bitcoin fell nether $60,000 earlier clawing backmost a information of those declines.

The institution reported a nett nonaccomplishment of $8.22 cardinal for the 2nd 4th of 2026, driven by an $8.32 cardinal unrealized nonaccomplishment connected its integer assets arsenic bitcoin's terms declined. Strategy held 846,000 bitcoin arsenic of June 30, acquired astatine an mean outgo of astir $75,578 per coin against a trading terms of astir $64,915 astatine the clip of that report. Quarterly gross came successful astatine $122.4 million.

Strategy banal fell astir 1% successful premarket trading Monday.