Strategy has sold an additional 1,690 Bitcoin (BTC) for $108.6 million, continuing to leverage its substantial cryptocurrency holdings to fund purchases of its own preferred stock. The transaction was disclosed in a Form 8-K filing with the U.S. Securities and Exchange Commission (SEC) on August 10, 2026.

According to the filing, the company sold 1,690 BTC between August 3 and August 9 at an average price of $64,262 per coin. The proceeds were used to repurchase approximately 1.152 million shares of Strategy's STRC preferred stock for $108.6 million. Strategy, formerly known as MicroStrategy, began accumulating Bitcoin as a primary treasury reserve asset in August 2020 under Executive Chairman Michael Saylor, becoming the first major public company to adopt the approach and inspiring a wave of corporate Bitcoin treasury strategies across multiple sectors.

Bitcoin Reserve Declines to 840,447 BTC

Following the latest sale, Strategy's Bitcoin holdings have decreased to 840,447 BTC. The company has invested approximately $63.36 billion to build its position, at an average acquisition cost of about $75,385 per BTC.

The most recent average selling price of $64,262 is roughly 15% below Strategy's average purchase cost, meaning this batch was sold at a price notably lower than what the company paid on average. Despite the reduction, Strategy remains one of the largest corporate holders of Bitcoin globally, with holdings exceeding 840,000 BTC. For context, no other publicly traded corporation holds a Bitcoin reserve of comparable scale, making Strategy's treasury decisions a closely watched bellwether for corporate cryptocurrency adoption.

3,328 BTC Sold Over Two Weeks

This latest sale follows another significant disposal the previous week. From July 27 to August 2, the company sold 1,638 BTC for $104.7 million at an average price of $63,957 per BTC, as previously reported.

Combined, these two transactions total 3,328 BTC sold for $213.3 million within a two-week span. The back-to-back sales represent a notable shift for Strategy, which has historically been known for steadily accumulating Bitcoin through frequent purchases funded by debt and equity instruments.

Four Major Sales Since Late June Total 6,916 BTC

The recent transactions follow two earlier disposals in late June and early July. Strategy sold 1,363 BTC for approximately $80.8 million between June 29 and June 30, and another 2,225 BTC for $135.2 million between July 1 and July 5. Those two sales accounted for 3,588 BTC and approximately $216 million.

In total, Strategy has sold 6,916 BTC for approximately $429.3 million across four major transactions since late June.

A Shift in Corporate Treasury Strategy

The pattern of selling marks a departure from Strategy's long-standing approach of exclusively accumulating Bitcoin. The company has historically raised capital through various financial instruments — including convertible debt and equity offerings — to expand its BTC reserves. Its recent activity signals a broader use of Bitcoin holdings for corporate financial management, including preferred stock repurchases. Preferred stock buybacks are commonly used by companies to reduce dividend obligations, optimize their capital structure, or return value to shareholders, and deploying Bitcoin proceeds for this purpose adds a new dimension to how the company manages its treasury.

While the coins have been sold at prices below Strategy's average acquisition cost, the total volume of sales represents a small fraction of the company's remaining reserves. Strategy continues to hold over 840,000 BTC, maintaining its position as one of the most significant corporate Bitcoin holders.