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

The Strategy is selling Bitcoin instead of buying more. The company sold 1,638 Bitcoin for about $104.7 million, at an average price of $63,957 per Bitcoin, according to its latest SEC filing. The sale shows that Strategy’s focus is shifting from simply building its Bitcoin holdings to keeping more cash available.

Instead, the move appears to be part of a broader plan to strengthen the company’s financial position.