Strategy sells $395 million in Bitcoin and MSTR stock to buyback $81 million in STRC and build cash reserve to $4 billion

- Strategy is selling Bitcoin to buy back its own preferred stock. Yes, you read that right. They dumped 1,638 BTC and issued MSTR shares for $395 million, then used the cash to build a $4 billion reserve and repurchase STRC at a discount. The goal? Keep the lights on for preferred shareholders while ignoring new BTC buys for six weeks straight. It’s not a treasury strategy; it’s a liquidity band-aid. Peter Schiff called it what it is: using crypto sales to protect debt holders. Meanwhile, BTC Yield is tanking because dilution eats your stack faster than a meat wallet eats free pizza. Strategy isn’t accumulating; it’s just rearranging deck chairs on the Titanic while charging admission.