Key Highlights
- No Bitcoin transactions took place in the week ending August 16, maintaining holdings at 840,447 BTC.
- The firm generated $333.7 million through the sale of MSTR shares, allocating the funds for preferred dividends, a stock buyback, and bolstering its cash reserves.
- Its cash reserves now total $4.8 billion, with $653 million remaining in the preferred stock buyback program.
In a recent 8-K filing on Monday, Strategy reported that it did not engage in any Bitcoin transactions last week, halting a series of sales that had been financing its dividends and stock repurchases since June. The company's Bitcoin holdings remain at 840,447 BTC, acquired at an average price of $75,385.
Instead, Strategy raised $333.7 million by selling 3,458,866 MSTR shares at an average price of approximately $96.48, a decrease from the previous week's average of $99.17. The proceeds were divided into three categories: $52.4 million for STRC preferred stock dividends, $132.2 million for stock buybacks, and $149.1 million added to its cash reserves.
Strategy augmented its USD Reserve by $150 million and repurchased $132 million of $STRC. This extended the USD Duration by 41 days to 2.8 years and tightened the BTC Credit on STRC by 4 basis points to 114 bps. As of August 16, 2026, we hold ₿840,447 in our BTC Reserve and $4.8 billion in our USD Reserve. $MSTR…
— Strategy (@Strategy) August 17, 2026
The stock buyback involved 1,388,720 STRC shares, leaving $653 million of the $1 billion set for the Digital Credit Securities Repurchase Program, which was announced on June 29. An additional $1 billion authorization for MSTR stock remains unused. The company's cash reserves, which support preferred dividends and interest payments, have grown to $4.8 billion, up from $4.65 billion the previous week.
Pause in Selling Activity
Since May, Strategy has sold 6,948 BTC, generating approximately $432.5 million, starting with a sale of 32 BTC as its first divestment since 2022, followed by three consecutive weekly sales in July and August. The most recent sale of 1,690 BTC raised $108.6 million, which was immediately allocated to buy back the preferred stock that was issued this week.
These sales are part of a capital framework established in June that allows for up to $1.25 billion in Bitcoin sales to fund dividends, interest payments, stock buybacks, and increase reserves. To date, around $429 million of this capacity has been utilized, leaving approximately $820 million available, with no sales executed last week.
The firm has not made any Bitcoin purchases since June. With Bitcoin priced around $63,500 as of Monday, its holdings are valued at roughly $53.4 billion against the $63.36 billion it invested, resulting in a loss of about $9.9 billion.