Strategy Inc. sells $104.7M of Bitcoin to fund dividends and preferred buybacks; BitMine adds 10,399 ETH

AI Market Summary
Corporate treasury flows diverged: Strategy (MSTR) sold 1,638 BTC (~$104.7M) to fund preferred dividends and repurchase STRC shares, signaling balance-sheet optimization rather than pure accumulation. In contrast, BitMine added 10,399 ETH, underscoring continued institutional-style Ethereum treasury demand, while European firms maintained steady BTC DCA buying. Near-term, the news highlights mixed corporate positioning and potential for choppier sentiment in BTC versus ETH.
Impact level
● Medium
Affected assets
BTC/USDT+0.91%
AI Insight · BTC/USDTAI Insight
● Neutral
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ME News report, Aug. 4, 2026 (UTC+8) — Fresh corporate filings and disclosures compiled by BBX Crypto-related Stock Intelligence show a split in how major treasuries are positioning in digital assets. Strategy Inc., one of the world's largest Bitcoin holders, trimmed spot BTC to fine-tune its capital structure and step up shareholder returns. BitMine Immersion Technologies continued to add Ethereum at scale. European issuers also kept buying Bitcoin in small, regular increments. Strategy (NASDAQ: $MSTR) said in an 8-K filed with the U.S. SEC that it sold 1,638 BTC between July 27 and Aug. 2, 2026, at an average price of about $63,957, generating roughly $104.7 million in proceeds. The company allocated approximately $52.4 million to pay preferred dividends and about $52.3 million to repurchase STRC preferred shares. As of Aug. 2, Strategy still held 842,138 BTC, purchased for a total cost basis of about $63.51 billion, at an average price of roughly $75,419 per bitcoin. BitMine Immersion Technologies (NYSE: $BMNR) disclosed it added 10,399 ETH last week. As of Aug. 2, 2026, the company's Ethereum holdings totaled 5,797,813 ETH, representing about 4.8% of Ethereum's total network supply. In Europe, French listed company Capital B (Euronext: $ALCAP) reported buying 1 BTC in the secondary market, lifting its total to 3,140 BTC. UK-listed tech firm The Smarter Web Company (LSE: $SWC) disclosed purchases of 9 BTC, raising its total holdings to 2,712 BTC.