Strategy Resumes Bitcoin Purchases After Dividend-Driven Sales, Deploys $75.7M

Resumption After Liquidation Pause

Strategy bought 950 Bitcoin for approximately $75.7 million, resuming its purchasing activity after a two-week hiatus, according to a Form 8-K filing with the SEC. The purchase follows the company's June-July liquidation of 3,588 BTC for roughly $216 million to fund preferred dividend payments. The company funded this latest buy from cash reserves rather than new capital raises, according to reporting by Crypto.news.

Capital Deployment and Stock Buybacks

Alongside the Bitcoin purchase, Strategy deployed $174 million to repurchase its STRC preferred stock, according to the SEC filing. However, a review of five Strive filings by Crypto.news revealed a contrasting pattern: Strive achieved faster Bitcoin accumulation on a per-share basis while also maintaining active common stock positions. This comparison suggests different treasury management philosophies between the two corporate Bitcoin holders, with Strategy prioritizing preferred equity buybacks while Strive focused capital more directly into Bitcoin growth.

Active Management Against Passive Holding

The buy-pause-buy cycle continues to illustrate Strategy actively managing its Bitcoin position rather than holding passively. The company sold at cost basis to fund dividends, then resumed purchasing after a brief interval. This pattern—small sales, aggressive purchases, large liquidations, and resumed buying—suggests the company views its Bitcoin treasury as a dynamic asset that can be deployed for multiple strategic purposes, from funding shareholder returns to opportunistic accumulation. The cash-funded nature of the latest purchase distinguishes it from earlier buybacks that drew down Bitcoin reserves.