Strategy Halts Bitcoin Activity, Raises $334 Million from MSTR Stock Sales

Key Highlights

• No Bitcoin transactions were recorded for the week ending August 16, maintaining a total of 840,447 BTC.
• Strategy raised $333.7 million through the sale of MSTR shares, using the funds for dividends, stock buybacks, and increasing cash reserves.
• The firm's cash reserves now stand at $4.8 billion, with $653 million remaining in the buyback program for preferred stock.

In a recent regulatory filing, Strategy announced it did not engage in any Bitcoin trading last week, marking a pause in a selling trend that had been funding its stock repurchases and dividends since June. The company’s total Bitcoin holdings remain at 840,447 BTC, which were purchased at an average price of $75,385.

Instead of Bitcoin transactions, Strategy raised $333.7 million by selling 3,458,866 shares of MSTR at an average price of about $96.48, slightly down from the previous week’s price of $99.17. The proceeds were allocated towards $52.4 million for preferred stock dividends, $132.2 million for buybacks, and $149.1 million added to cash reserves.

“Strategy augmented its USD Reserve by $150 million and repurchased $132 million of $STRC,” the company noted, adding that they hold ₿840,447 in Bitcoin and $4.8 billion in reserves as of August 16, 2026.

The buyback program involved repurchasing 1,388,720 STRC shares, leaving $653 million available from the $1 billion earmarked for the Digital Credit Securities Repurchase Program initiated on June 29. An additional $1 billion remains unallocated for MSTR stock buybacks. Cash reserves have increased from $4.65 billion to $4.8 billion, supporting the firm’s dividend and interest commitments.

End of Selling Momentum

Since May, Strategy has sold a total of 6,948 BTC, generating roughly $432.5 million, beginning with a modest sale of 32 BTC followed by multiple disbursements in July and August. The latest sale of 1,690 BTC yielded $108.6 million, which was promptly redirected to preferred stock buybacks.

These sales are part of a broader strategy allowing up to $1.25 billion in Bitcoin sales to fund dividends and bolster reserves. So far, approximately $429 million of this amount has been utilized, leaving around $820 million still available for future sales, with no transactions occurring in the past week.

The company has not made any Bitcoin purchases since June. With Bitcoin valued around $63,500, Strategy's holdings are estimated at about $53.4 billion, resulting in an overall loss of approximately $9.9 billion against the original investment of $63.36 billion.