Strategy (formerly MicroStrategy) sold 1,638 BTC for about $104.7M at an average of $63,957, below its $75,419 cost basis, a rare sale for Michael Saylor's firm.

The proceeds went to capital management, roughly $52M toward STRC preferred-stock dividends and about $81M of preferred-share buybacks, not a shift in Bitcoin conviction. It caps Strategy's first stretch as a short-term net seller: just 37 BTC added over two months, then 1,638 offloaded in a week.

Strategy still holds 842,138 BTC and remains a net buyer for the full year, having accumulated roughly 175,000 BTC across 2026.