$BTC Strategy sold 1,638 Bitcoin for $104.7 million—its second-largest BTC sale of the year—at an average price of roughly $63,900 per coin. The proceeds are earmarked to fund dividend payments and repurchase shares of its preferred STRC stock, which is currently trading below its target value. This sale follows similar moves in July and June, underscoring the company’s ongoing effort to manage its cash reserve and maintain dividend coverage while navigating market conditions. Despite the reduction, Strategy continues to hold a substantial Bitcoin position, and management has signaled that these transactions are part of a broader treasury strategy rather than a shift in its long-term bullish stance on cryptocurrency.