According to Crypto Briefing, Strategy (MSTR) recently sold 32 Bitcoin (BTC) to secure funding for the dividends of its preferred stock, STRC.

In addition, Strategy sold an additional 801,994 shares of common stock to raise $128.3 million. As of May 31 (local time), Strategy's total BTC holdings amount to 843,706 BTC.

Meanwhile, STRC is a product that pays a variable dividend to investors monthly, targeting an annual rate of 11.5%. It is structured so that the dividend rate decreases if the price exceeds the face value ($100) and increases if it falls below it. The dividend is paid from the cash held by Strategy.

Strategy's policy is to invest only the funds raised when the STRC price exceeds $100 into BTC purchases. For reference, STRC recorded a level slightly below $100 last week.