Strategy Selling Spree Offloads Another 1,690 BTC; 2026 Sales Hit 6,916

Strategy used the full $108.6 million from the sale to repurchase 1,152,020 shares of its variable-rate STRC preferred stock. The transaction comes as the company increases its dollar reserves while maintaining one of the largest corporate Bitcoin holdings.

Strategy Raises Dollar Reserve to $4.65 Billion

Strategy also sold 6.59 million MSTR common shares last week, raising $653.1 million. The company allocated $650 million of those proceeds to its U.S. dollar reserve, while the remaining $3.1 million was added to cash.

Strategy said its dollar reserve reached $4.65 billion as of Aug. 9. The company also reported that its USD duration increased to about 2.7 years following the latest reserve increase.

The larger cash position gives Strategy additional funds for preferred-stock obligations and other corporate expenses. The company has $785.2 million remaining under its STRC repurchase program and $1 billion available under its MSTR common-stock repurchase program.

Strategy has not used the latest common-stock proceeds to purchase Bitcoin. Instead, the company has directed recent capital toward its reserves, preferred securities, and related financial commitments.

Bitcoin Holdings Fall to 840,447 BTC

The latest sale reduced Strategy’s Bitcoin holdings to 840,447 BTC. The company said those holdings were acquired for approximately $63.36 billion at an average purchase price of $75,385 per Bitcoin.

The 1,690 BTC sold in the latest transaction changed hands at an average price of $64,262. That price was below Strategy’s reported average acquisition cost for its overall Bitcoin holdings.

Source: X

The company has now sold Bitcoin during several transactions in recent months. Between July 27 and Aug. 2, Strategy sold another 1,638 BTC for about $104.7 million at an average price of $63,957.

Additional sales took place between late June and early July. Strategy sold 1,363 BTC for $80.8 million between June 29 and June 30, followed by another 2,225 BTC for $135.2 million between July 1 and July 5.

MSTR Capital Supports STRC Repurchases

Strategy’s latest Bitcoin sale is tied directly to its preferred-stock strategy. The company used the entire $108.6 million in Bitcoin proceeds to buy back STRC shares rather than adding the funds to its Bitcoin reserve.

Strategy has also used proceeds from MSTR share sales to strengthen its dollar position. The company’s latest transactions, therefore, combine common-stock issuance, Bitcoin sales, and preferred-stock repurchases within its capital management program.

Executive Chairman Michael Saylor remains closely associated with Strategy’s Bitcoin strategy, while CEO Phong Le has previously described discounted preferred-stock repurchases as “an attractive use of capital.”

Strategy’s financial position has also faced pressure from changes in Bitcoin prices and its preferred-stock obligations. The company reported an $8.22 billion net loss for the second quarter, including an $8.32 billion unrealized loss tied to its digital asset holdings.

Economist and Bitcoin critic Peter Schiff commented on Strategy’s latest transaction after the company disclosed the sale. Schiff has pointed to the $653 million MSTR share sale, saying the company was raising cash to fund future dividends and repurchase STRC preferred shares. According to him, Strategy’s Bitcoin yield has fallen to 1.7%, which is an 87% decline from May 25.