Strategy (MSTR) sold 3,588 bitcoins for about $216 million last week, reducing its total holdings to 843,775 BTC. Monday’s SEC filing.

The company said the proceeds from the bitcoin sale will be used to fund distributions on its preferred stock and replenish the portion of its US dollar reserves used for those payments. As of July 5, USD reserves totaled $2.55 billion.

The latest sales were executed at an average price of about $60,000 per bitcoin and are dramatically higher than the 32 bitcoins sold by the company about a month ago, which sent the crypto prices plummeting. The strategy currently holds 843,775 BTC for approximately $63.69 billion, or an average purchase price of $75,476 per bitcoin.

The strategy also said it did not sell any shares under its at-the-market equity program during the week ended July, and did not repurchase any shares under its buyback programs. The company added that the full $1.25 billion capacity is available under the recently announced BTC monetization program.

Strategy shares are down 2% in pre-market trading and bitcoin has given up most of its gains over the weekend, falling to $61,900 from $62,900 before the announcement.