Strategy has divested $105 million in Bitcoin while increasing USD reserves to $4 billion, focusing on dividends and share buybacks.
Summary
- Strategy divested 1,638 BTC for $104.7 million in the week ending August 2, reducing its holdings to 842,138 BTC.
- The proceeds were split for preferred dividends and a share buyback totaling $81 million.
- Since June, the company has paused Bitcoin purchases, focusing instead on increasing USD reserves.
Strategy has disclosed in a recent 8-K filing that it sold 1,638 Bitcoin for approximately $104.7 million during the week ending August 2. This transaction has brought its total Bitcoin holdings down from 843,775 to 842,138 BTC, with an average selling price of $63,957 per Bitcoin after fees.
With the recent sales, Strategy's overall cost basis has increased to $63.51 billion, resulting in an average acquisition cost of $75,419 per Bitcoin—showing a noticeable rise compared to the selling price of the coins.
Of the funds garnered, $52.4 million was allocated towards preferred stock dividends, while the remaining $52.3 million was used in an $81 million share buyback, repurchasing around 912,143 STRC shares. This buyback represents the second phase of a $1 billion repurchase program launched on June 29, with a significant portion of the allocated funds still available for future buybacks.
Strategy stated that these financial maneuvers have extended its USD reserve duration by 57 days, now totaling 2.3 years, while also reducing the Bitcoin credit spread by five basis points. The company is committed to maintaining an annual STRC dividend rate of 12%, with semi-monthly payments set at $0.50 per share. July also witnessed a shift in its investor metrics, now prioritizing "net Bitcoin per share" as a key performance indicator.
Strategy increased its USD Reserve by $250M and repurchased $81M of $STRC. This increased USD Duration by 57 days to 2.3 years and tightened STRC’s BTC Credit by 5 bps. As of 8/2/26, we hold ₿842,138 in our BTC Reserve and $4.0B in our USD Reserve. $MSTR
— Strategy (@Strategy) August 3, 2026
Insights on Strategy's Financial Management
Strategically shifting its previously rigid "never sell" policy, the company made its first Bitcoin sale in December 2022 and has since adopted a new framework that permits Bitcoin disposals of up to $1.25 billion. The latest sales have utilized a significant portion of this allowance, with $321 million engaged since June, excluding earlier transactions.
In the past few months, the company has refrained from acquiring new Bitcoin and has instead bolstered its USD reserves, which now stand at $4 billion, aimed at fulfilling $1.76 billion in dividend payments primarily funded by MSTR share sales. Just last week, Strategy sold over 3 million shares, netting about $290.6 million, with $250 million allocated to USD reserves.
Currently, the company holds 5,225 BTC less than its peak of 847,363 BTC, reflecting a slight decline. As of the latest data, Bitcoin is trading around $62,600, slightly down for the day. Forecasts from users on Myriad suggest a diminishing probability—now at 6%—that Strategy will hold over 1 million BTC by 2027, a decrease from 12% a week earlier.
