Crypto News1 MIN READ
CRYPTOBEARISH
Strategy sells $104.7 million in Bitcoin to support preferred stock
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FOMOGRAM Editorial Desk
Aug 3, 2026
EXECUTIVE SUMMARY
Strategy has sold 1,638 Bitcoin for $104.7 million after redirecting part of the proceeds toward preferred-stock dividends and share repurchases while increasing its U.S. dollar reserve. An SEC filing submitted on Monday showed the company sold the Bitcoin between July…
Strategy has sold 1,638 Bitcoin for $104.7 million after redirecting part of the proceeds toward preferred-stock dividends and share repurchases while increasing its U.S. dollar reserve. An SEC filing submitted on Monday showed the company sold the Bitcoin between July…
FOMOGRAM SENTINEL GRAVITY TELEMETRY
The sale of 1,638 Bitcoin to support preferred stock raises concerns about liquidity and future Bitcoin purchases.
BTC OVERALL MARKET INDEX: 12 / 100 (BEARISH)
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