Quick ReadStrategy sold 1,638 Bitcoin and issued 3 million new shares, directing proceeds into a $4 billion cash reserve rather than buying more Bitcoin. Michael Saylor's team won't resume Bitcoin purchases until STRC preferred stock recovers toward its $100 par value from its current $90.60 price. Growing preferred securities, share dilutions, and dividend obligations are transforming Strategy from a Bitcoin proxy into a complex financing company. That straightforward strategy helped transform Strategy (NASDAQ:MSTR) into the world's largest corporate holder of Bitcoin and turned executive chairman Michael Saylor into one of the asset's biggest evangelists. Instead, the filing shows Strategy also sold approximately 3 million shares of common stock, raising another $290.6 million.