Strategy sold 1,690 Bitcoin last week for about $108.6 million, extending a broader 2024 disposal program while still holding more than 840,000 Bitcoin worth about $53.6 billion. The company has sold 6,948 Bitcoin for roughly $432.5 million so far this year. The sales follow Strategy's late-June launch of its Digital Credit Capital Framework, which allows it to sell up to $1.25 billion of Bitcoin to replenish U.S. dollar reserves, pay preferred stock dividends and interest, and repurchase shares. Strategy said part of the recent proceeds was used for preferred dividend payments and buybacks of STRC shares. Its U.S. dollar reserves reached $4 billion on Aug. 2. The move marks a notable shift for a company best known for accumulating Bitcoin: in May, it sold 32 Bitcoin, its first sale since 2022, and later saw STRC fall below $100, constraining new share issuance and fundraising capacity.