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Q: What is MSTRSells1638BTC?

MSTRSells1638BTC is Strategy disclosed in an 8-K that it sold 1,638 BTC from July 27 to Aug 2, raising $104.7M at an average $63,957, below its $75,419 cost basis, cutting holdings to 842,138 BTC. Its prior sale was 3,588 BTC for $216M on July 1-5, then a four-week pause, so this round is under half. A ~299.843 BTC transfer moved on-chain Aug 2-3, pending disclosure next week. Proceeds fund fixed 12% preferred dividends and buybacks. Buying resumes only when preferreds recover near issue price, now ~10% off.. Follow this topic on OKX Orbit for the latest community posts and token insights.

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About MSTRSells1638BTC

Strategy disclosed in an 8-K that it sold 1,638 BTC from July 27 to Aug 2, raising $104.7M at an average $63,957, below its $75,419 cost basis, cutting holdings to 842,138 BTC. Its prior sale was 3,588 BTC for $216M on July 1-5, then a four-week pause, so this round is under half. A ~299.843 BTC transfer moved on-chain Aug 2-3, pending disclosure next week. Proceeds fund fixed 12% preferred dividends and buybacks. Buying resumes only when preferreds recover near issue price, now ~10% off.

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