Strategy Sells 1,690 BTC for $108.6M; 2026 Disposals Total 6,916 BTC

Strategy has sold an additional 1,690 Bitcoin for $108.6 million, extending a series of recent disposals as it builds liquidity and buys back its STRC preferred shares. Company disclosures and market reports put total Bitcoin sold in recent weeks at 6,916 BTC. The company said the latest sales occurred between Aug. 3 and Aug. 9 at an average price of $64,262 per BTC. After the disclosure, Strategy (MSTR) shares fell 1.81% to $98.27, while STRC rose 0.18% to $95.26. Strategy said it used the entire $108.6 million of proceeds to repurchase 1,152,020 shares of its variable-rate STRC preferred stock. The move comes as the company increases its U.S. dollar reserves while still holding one of the largest corporate Bitcoin positions. Dollar reserve lifted to $4.65B Strategy also sold 6.59 million MSTR common shares last week, raising $653.1 million. Of that amount, $650 million was allocated to its U.S. dollar reserve and $3.1 million was added to cash. The company said its dollar reserve stood at $4.65 billion as of Aug. 9, and that USD duration increased to about 2.7 years following the latest build. The larger cash position provides additional capacity for preferred-stock obligations and other corporate needs. Strategy said it has $785.2 million remaining under its STRC repurchase program and $1 billion available under its MSTR common-stock repurchase program. The company has not used the latest common-stock proceeds to buy Bitcoin, directing recent capital toward reserves, preferred securities and related commitments. Bitcoin holdings down to 840,447 BTC Following the latest sale, Strategy's Bitcoin holdings fell 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 most recent transaction cleared at an average price of $64,262, below the company's reported average cost basis. Strategy has executed multiple Bitcoin sales in recent months. Between July 27 and Aug. 2, it sold 1,638 BTC for about $104.7 million at an average price of $63,957. Additional transactions occurred between late June and early July: 1,363 BTC was sold for $80.8 million between June 29 and June 30, followed by 2,225 BTC for $135.2 million between July 1 and July 5. Proceeds channeled into STRC buybacks Strategy linked the latest Bitcoin sale directly to its preferred-stock strategy, saying the full $108.6 million was used to repurchase STRC rather than add to Bitcoin reserves. It has also used proceeds from MSTR share sales to bolster its dollar position, combining common-stock issuance, Bitcoin sales and preferred-stock repurchases as part of its capital management program. Executive Chairman Michael Saylor remains closely tied to the firm's Bitcoin posture, while CEO Phong Le has previously called discounted preferred-stock repurchases "an attractive use of capital." The company's financial results have been pressured by Bitcoin price moves and preferred-stock obligations. Strategy 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 after the disclosure, arguing that the $653 million MSTR share sale was aimed at raising cash to fund future dividends and repurchase STRC preferred shares. Schiff said Strategy's Bitcoin yield has fallen to 1.7%, an 87% decline from May 25.