Summary

  • Strategy sold 1,690 BTC for $108.6 million during the week ending August 9, reducing its Bitcoin holdings to 840,447 coins.
  • The sale proceeds funded a buyback of $108.6 million in STRC shares, marking the third buyback under a $1 billion initiative.
  • Additionally, the company raised $653.1 million from common stock sales, increasing its dollar reserve to $4.65 billion.

Michael Saylor's Bitcoin treasury firm, Strategy, reported the sale of 1,690 BTC for $108.6 million in the week ending August 9, as detailed in an 8-K filing made on Monday. This transaction brought its Bitcoin holdings down from 842,138 to 840,447 BTC, with the coins sold at an average price of $64,262 after fees.

Following these sales, Strategy's total cost basis for Bitcoin stands at $63.36 billion, averaging $75,385 per coin, which is $11,123 higher than the recent selling price.

Strategy has increased its USD Reserve by $650 million and executed a $109 million buyback of $STRC. This move has extended USD Duration by 143 days to 2.7 years and tightened STRC's BTC Credit by 10 basis points. As of August 9, 2026, we hold ₿840,447 in our BTC Reserve and $4.65B in our USD Reserve. $MSTR…

— Strategy (@Strategy) August 10, 2026

All proceeds from the Bitcoin sale were directed towards repurchasing preferred stock. Strategy acquired 1,152,020 STRC shares for $108.6 million, exactly matching the sale revenue, as part of its third buyback under the $1 billion Digital Credit Securities Repurchase Program announced on June 29. There remains an authorization of $785.2 million for future buybacks. The previous week, half of the Bitcoin proceeds had been used for preferred dividends and an $81 million buyback.

The larger transaction involved equity, with Strategy selling 6,585,682 common shares for $653.1 million net, more than doubling the 3,011,361 shares sold the week before. This infusion of $650 million has bolstered the dollar reserve to $4.65 billion, up from $4 billion.

Capital Framework of Strategy

Strategy altered its long-standing "never sell" policy at the end of May, when it sold 32 BTC for $2.5 million to cover preferred distributions, marking its first sale since December 2022. A capital framework introduced in June outlined conditions under which it would sell, allowing for disposals up to $1.25 billion in total.