The company said it raised dollar reserves to $4 billion, repurchased $81 million of STRC preferred stock and extended dividend coverage from those reserves to 2.3 years.
Strategy said it sold 1,637 bitcoin last week for more than $102 million, reducing its holdings to 842,138 BTC as of Aug. 2. Michael Saylor, Strategy’s executive chairman, said the company also increased its dollar reserves by $250 million to $4 billion and repurchased $81 million of its STRC preferred stock as treasury shares. The move extended by 57 days the period during which Strategy can pay dividends from its dollar reserves, bringing that coverage to 2.3 years.