The average purchase price was $65,300. Strategy sold 32 BTC two weeks ago for $2.5 million at a price of $77,100 per coin. The company bought back BTC 15% cheaper. Now, Strategy owns 845,300 BTC ($53 billion)—4% of all coins. The unrealized loss stands at $10.9 billion (17%). In May, Strategy Chairman Michael Saylor stated that they would buy 10–20 BTC for every bitcoin sold. This new BTC purchase exceeds the sale by nearly 50 times. Strategy sold BTC to pay dividends on its preferred shares, STRC. In the process, shareholders changed their structure. Paying dividends twice a month instead of monthly is necessary to mitigate cyclicality, increase liquidity, and boost demand for the shares.