Strategy Inc. sold 1,638 Bitcoin during the week ending August 2nd as part of several capital-management transactions disclosed in a Form 8-K filed August 3rd.

The company received net proceeds of $104.73 million, equivalent to an average of $63,957 per Bitcoin after fees and expenses. 

Strategy used approximately $52.4 million to fund preferred-stock dividends and $52.3 million to help repurchase STRC preferred shares.

Following the sale, Strategy held 842,138 Bitcoin with an aggregate acquisition cost of $63.51 billion, including fees and expenses. The company’s average purchase price is currently $75,419 per Bitcoin.

Strategy also sold 3,011,361 shares of MSTR common stock through its at-the-market offering program, raising $290.6 million in net proceeds. 

The company allocated $250 million to its U.S. dollar reserve, $28.9 million to STRC repurchases and $11.7 million to its cash balance.

Combined with the Bitcoin-sale proceeds, Strategy spent $81.2 million to repurchase 912,143 STRC shares. 

Its dollar reserve stood at $4 billion as of August 2nd, including expected proceeds from stock sales that had not yet settled.

In an X post, Founder and Chairman Michael Saylor said the additional cash increased Strategy’s “USD Duration” by 57 days to 2.3 years and that the STRC repurchases tightened its “BTC Credit” measure by five basis points.

Saylor added in a separate post that he has not sold any of his personal Bitcoin, while Strategy may buy or sell Bitcoin as part of its corporate capital management.

Strategy also maintained STRC’s annual dividend rate at 12%. Its board declared two semi-monthly dividends of $0.50 per share, payable August 31st and September 15th.