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BREAKING: Strategy's $STRC preferred stock is up 32.8% in 42 days after Saylor sold Bitcoin to defend it. It bottomed at $71 in late June when Bitcoin dropped to $58,000 and investors questioned whether Strategy could keep paying the dividend. It now trades around $94.55. What Saylor's team did: - Sold over 5,200 $BTC for $321 million - Built a cash reserve of up to $4 billion, roughly 2.3 years of preferred dividends - Repurchased over $100 million of STRC shares For years Saylor's position was that Strategy never sells Bitcoin. It sold to defend this security. $STRC is still below its $100 target, but the recovery is holding.