Strategy Offloads 1,638 More Bitcoin, Bringing Total Holdings Below 843,000 BTC

Strategy sold 1,638 BTC for roughly $104.7 million during the week spanning July 27 to August 2, according to a regulatory filing submitted Monday. The coins were sold at an average price of $63,957 each, bringing the company’s total holdings down to 842,138 BTC, now valued at approximately $52.6 billion.

Funds Used to Cover Dividend and Buyback Obligations

Executive Chairman Michael Saylor said the sale proceeds went toward paying preferred stock distributions and funding repurchases of STRC securities. Despite the reduction, Strategy’s stash still represents close to 4% of Bitcoin’s total supply, though the position currently sits with nearly $10.9 billion in unrealized losses given the average purchase price of $75,419 per coin.

Market Reaction and Ongoing Pattern

Bitcoin edged down to around $62,400 shortly after the filing became public, while Strategy’s stock slipped nearly 2% in early trading. On-chain trackers had flagged a related wallet movement of roughly 300 BTC over the weekend, a pattern that has previously preceded the company’s sale disclosures. Saylor’s cryptic weekend social media posts have continued alongside these shifting capital moves.

The sale follows Strategy’s recent disclosure of an $8.2 billion quarterly loss, driven mainly by unrealized declines in the value of its bitcoin holdings.