Strategy Offloads $109M in Bitcoin, Boosting Dollar Reserve to $4.6B

Overview

• Strategy sold 1,690 BTC for $108.6 million recently, reducing total Bitcoin holdings to 840,447 coins.
• The proceeds were used for a share buyback, part of a $1 billion buyback program.
• The company's dollar reserves now stand at $4.65 billion following a $653.1 million stock sale.

In a recent financial maneuver, Strategy, led by Michael Saylor, sold 1,690 BTC for $108.6 million within the week concluding on August 9. This sale decreased its Bitcoin reserves from 842,138 to 840,447 BTC, reflecting an average selling price of $64,262 per coin after fees.

The sale increased Strategy's total cash reserves to $4.65 billion. Its Bitcoin cost basis remains at $63.36 billion, averaging $75,385 per coin, which is notably higher than the latest selling price.

Through sales, Strategy has enhanced its USD reserve by $650 million and executed a significant buyback of $109 million in STRC shares, extending USD Duration by 143 days to 2.7 years. As of August 9, we hold 840,447 BTC and $4.65 billion in USD reserves.

— Strategy (@Strategy) August 10, 2026

All revenue from the Bitcoin sale was allocated to repurchasing preferred stock, resulting in the acquisition of 1,152,020 STRC shares. This buyback is the third under Strategy's $1 billion Digital Credit Securities Repurchase Program, with $785.2 million still available for future buybacks. Last week, part of the Bitcoin proceeds was also used for dividends and a smaller buyback.

Additionally, Strategy raised $653.1 million by selling 6,585,682 common shares, more than doubling the share volume sold the previous week, contributing significantly to the cash reserve increase.

Revised Capital Strategy

Since revising its "never sell" policy in late May, Strategy sold 32 BTC for $2.5 million to meet preferred distributions, marking its first sale since December 2022. A newly introduced capital framework details conditions under which further sales up to $1.25 billion may occur.