WuBlockchain analyzed, citing Investing.com data, that "Strategy could sell up to $5 billion worth of BTC for reserves, dividends, and share buybacks." The media explained, "According to Strategy's capital management framework, the company could cash out up to approximately $5 billion worth of Bitcoin to establish up to $1.25 billion in dollar reserves, pay approximately $1.76 billion annually in preferred stock dividends and interest, and buy back up to $2 billion in common stock and digital credit securities." Strategy has sold approximately $218.4 million worth of Bitcoin year-to-date to pay preferred stock dividends. As of July 26, the company holds 843,775 Bitcoins purchased at an average price of $75,476.