STRC hits $100, breakdown of last 6 months below Since first BTC sale (late May 2026): 1) BTC sold: 6,948 BTC for ~$432M. All sales happened May–early August (first was 32 BTC in late May). Zero sales since then. 2) BTC bought: ~12,537 BTC (gross purchases after the first sale period). Net holdings rose from ~843.7k to 849,327. 3) STRC bought back: ~$2.06B (21.14M shares at average ~$97.40). Entire buyback program is post-first-sale (started ~July). 4) MSTR sold / cash raised: ~$21.4B total capital raised YTD 2026 through Nov 1 (common ~$13.9B + preferred ~$7.5B). The large majority of this is after May. Plus the $432M from the BTC sales. MSTR ATM has been the main equity channel. Bottom line: Sold ~7k BTC for cash, bought back ~12.5k BTC, retired ~$2B of STRC, and raised over $21B in equity (mostly MSTR + preferreds). Net BTC still higher.