MicroStrategy previously sold Bitcoin at an average price of approximately $64,000 to fund preferred stock dividends, which was a 15% loss compared to its average cost of $75,000. The company has shifted its business model from a "Bitcoin treasury company" to a "digital credit framework," prioritizing debt repayment. Last week, MicroStrategy sold 1,638 Bitcoin, raising $104.7 million to bolster its USD reserves. On-chain data shows that another 1,030 Bitcoin (approximately $66.14 million) were transferred this Wednesday, with official confirmation pending. The company has stated that it will not resume Bitcoin purchases until its preferred stock STRC returns to its par value of $100.