Strategy: Sells 1638 BTC for $104.7 Million

Strategy sold 1,638 BTC for $104.7 million in the week ending Aug 2, reducing holdings to 842,138 coins while building a $4 billion dollar reserve. Half the proceeds covered preferred dividends and the other half financed an $81 million STRC buyback. The firm has avoided fresh Bitcoin purchases since June.

Price action on the 4h chart shows BTC at $63803.5 inside the Bollinger Bands with upper resistance at $63858.65. The EMA50 at $63704.48 and EMA200 at $63716.71 act as tight support layers in a bullish structure. MACD registers a golden cross at -205.54 while RSI sits neutral at 54.6, pointing to measured continuation rather than exhaustion.