Strategy, the company with the largest corporate Bitcoin treasury, sold 1,690 BTC for $108.6 million between Aug. 3 and Aug. 9, according to an 8-K filed with the U.S. Securities and Exchange Commission. The proceeds were used to repurchase 1.15 million shares of its STRC variable-rate preferred stock, which pays monthly dividends.
This marks Strategy’s fourth publicly disclosed Bitcoin sale in 2026. The company has sold 6,948 BTC so far this year and still holds 840,447 BTC, which were acquired for an aggregate $63.36 billion. The most recent batch was sold at an average net price of $64,262 per BTC; by contrast, Strategy’s overall average purchase price for its holdings, including fees and expenses, remains $75,385 per BTC.
The prior disclosed sale occurred between July 27 and Aug. 2, when Strategy sold 1,638 BTC for about $104.73 million and likewise used the proceeds to fund STRC repurchases. Together, these transactions illustrate that Strategy is using Bitcoin sales as one of the funding mechanisms for preferred-stock buybacks.
Under its repurchase programs, the latest filing shows $785.2 million remains available under the digital credit securities repurchase program (covering its preferred stock). Separately, about $1 billion is still available under the Class A common-stock repurchase program.
Strategy has also continued building its U.S. dollar reserve. The company reported a cash reserve of $4.65 billion as of the most recent weekly update, up from roughly $4 billion the prior week. Strategy said $650 million of the $653.1 million in net proceeds from recent MSTR stock sales was directed to that reserve; the reported balance also includes expected proceeds from at-the-market (ATM) sales that had not yet settled.
STRC shares have rallied amid the buybacks, retaking the $90 level on Aug. 3 after a roughly 24% rebound from June lows. In the most recent market snapshot cited in the filing, STRC and the company’s Class A shares showed modest intraday gains.
This summary is based on the company’s SEC filing and public market data. It is provided for informational purposes only and does not constitute investment advice. Investors should conduct their own research and consider their individual circumstances before making investment decisions.