Strategy Capital (Strategy) sells 1,690 bitcoin and uses the proceeds to fund a share buyback of its subsidiary/related entity, STRC. The company’s sale is reported at about $108.6 million, with proceeds directed into repurchasing STRC shares.
The outlets also report that the company’s US dollar reserves rise to about $4.6–$4.65 billion, while its bitcoin holdings decrease to roughly 840,447 BTC. One outlet frames the move primarily around the cash reserve and the bitcoin reduction, while another emphasizes the buyback size and notes additional trading activity in STRC stock.
Both accounts agree the transaction is part of a broader capital allocation approach involving shifting between bitcoin holdings and dollar reserves, and that the bitcoin sale’s proceeds are dedicated to repurchasing STRC shares. Decrypt further adds that Strategy’s dollar-denominated stock transactions include buying STRC and also selling bitcoin at a scale that correspondingly supports the share repurchase plan.
