Strategy sold 3588 Bitcoin last week for approximately 216 million dollars. The company disclosed the transaction in a Monday filing with the U.S. Securities and Exchange Commission. Proceeds will support dividend payments on its preferred stock.
Strategy reduced its Bitcoin holdings to 843775 BTC after the sale. The Bitcoin was sold at an average price of about 60000 dollars each. The company now holds Bitcoin acquired at an average price of 75476 dollars per coin.
The firm said the funds will replenish its U.S. dollar reserves, which stood at 2.55 billion dollars as of July 5. Strategy also reported an 8.32 billion dollar unrealized loss on its Bitcoin holdings for the second quarter.
Bitcoin prices dipped on the news before recovering above 63000 dollars. Strategy shares fell 2 percent in pre-market trading. Chief executive Phong Le said the company is shifting to active capital management.
