Strategy Sells Another 1,690 BTC As USD Reserve Climbs To $4.65B

Strategy sold another 1,690 BTC for $108.6 million between August 3 and August 9, extending its Bitcoin sales into a second consecutive week and reducing its treasury to 840,447 BTC.

The 1,690 BTC were sold at an average price of $64,262, net of fees and expenses. Strategy’s remaining Bitcoin carries an aggregate purchase cost of $63.36 billion and an average acquisition price of $75,385.

Bitcoin Sale Funds Another $108.6M STRC Buyback

Strategy used the entire Bitcoin sale proceeds to repurchase 1,152,020 STRC preferred shares for $108.6 million, equivalent to roughly $94.27 per share.

The purchases retired STRC below its $100 stated value and left $785.2 million available under Strategy’s Digital Credit Securities Repurchase Program. Its separate $1 billion authorization to repurchase MSTR common stock remained unused.

The transaction followed the 1,638 BTC sold for $104.7 million between July 27 and August 2, when Bitcoin proceeds were directed toward preferred dividends and STRC repurchases.

Strategy first tested the approach with a 32 BTC sale in late May before selling another 3,588 BTC around the end of June and early July.

MSTR Sales Push USD Reserve To $4.65B

Strategy simultaneously sold 6,585,682 MSTR shares through its at-the-market programme for $653.1 million in net proceeds.

Of that amount, $650 million was added to the USD reserve, increasing the balance from $4 billion to $4.65 billion, while another $3.1 million went to general cash.

The larger reserve increased Strategy’s USD Duration by 143 days to approximately 2.7 years, extending the period its cash can cover preferred dividends and debt interest. STRC’s BTC Credit also tightened by 10 basis points.

Strategy’s capital structure now allows Bitcoin sales, MSTR issuance, cash accumulation and preferred-stock repurchases to operate simultaneously rather than directing available capital exclusively toward additional BTC.

Corporate Bitcoin Treasuries Take Different Paths

Strategy has now sold 6,948 BTC across four disclosed transactions in 2026, while remaining one of the world’s largest corporate Bitcoin holders.

Other public companies are also taking markedly different approaches to treasury liquidity. MARA sold 23,093 BTC for approximately $1.6 billion during the first half of 2026 as it funded operations, energy infrastructure and AI expansion.

By contrast, Sweden’s H100 Group nearly tripled its treasury to 3,506.4 BTC through its no-cash acquisition of NSD, exchanging newly issued shares for a company holding 2,455.37 BTC.

Strategy’s own balance-sheet policy sits between those approaches, retaining a dominant Bitcoin position while monetizing portions of the treasury when management sees an opportunity to strengthen liquidity or repurchase securities below stated value.