Strategy sells 1,638 bitcoin for $105M, boosts cash reserve to $4 billion

Strategy sold 1,638 Bitcoin for $104.7 million at an average price of $63,957 per Bitcoin, according to its SEC filing.

Strategy raised $290.6 million by selling about 3 million common shares.

Strategy moved $250 million from the share sale into its USD Reserve, bringing the reserve to around $4 billion.

The sale and share issuance mark a shift from building Bitcoin holdings to prioritizing liquidity and financial flexibility.

Strategy retains a large Bitcoin position but now also manages preferred shares, cash reserves, and dividend obligations that can affect its stock.