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

The coins were sold at an average price of $64,262, net of fees and expenses. Strategy's remaining Bitcoin holdings carry an aggregate purchase cost of $63.36 billion, corresponding to an average acquisition price of $75,385 per BTC.

Bitcoin Sale Proceeds Fund $108.6M STRC Buyback

Strategy deployed the entire Bitcoin sale proceeds to repurchase 1,152,020 STRC preferred shares for $108.6 million, at an average price of approximately $94.27 per share. These purchases retired STRC shares below their $100 stated value and left $785.2 million remaining under Strategy's Digital Credit Securities Repurchase Program. A separate $1 billion authorization to repurchase MSTR common stock remained unused.

The transaction followed the sale of 1,638 BTC 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, then sold an additional 3,588 BTC around the end of June and early July.

MSTR At-the-Market Sales Push USD Reserve to $4.65B

Simultaneously, Strategy sold 6,585,682 MSTR shares through its at-the-market program, generating $653.1 million in net proceeds. Of that total, $650 million was allocated to the USD reserve, raising the balance from $4 billion to $4.65 billion, while $3.1 million was directed to general cash.

The enlarged reserve extended Strategy's USD Duration by 143 days to approximately 2.7 years, lengthening the period during which its cash holdings can cover preferred dividends and debt interest. STRC's BTC Credit also tightened by 10 basis points.

Strategy's capital structure now permits Bitcoin sales, MSTR issuance, cash accumulation, and preferred-stock repurchases to operate concurrently, rather than directing all available capital exclusively toward additional BTC purchases. For investors and analysts tracking corporate Bitcoin treasury models, that makes the company's weekly disclosures more relevant than a simple tally of coins held: the mix of BTC sales, equity issuance, and reserve building shows how Strategy is managing liquidity alongside its larger Bitcoin position.

Corporate Bitcoin Treasuries Diverge

Strategy has now sold a cumulative 6,948 BTC across four disclosed transactions in 2026 while remaining one of the world's largest corporate Bitcoin holders. According to the company's Form 8-K filing, the sales are part of a broader treasury management strategy.

Other publicly traded companies are pursuing markedly different approaches to treasury liquidity. MARA sold 23,093 BTC for approximately $1.6 billion during the first half of 2026 to fund operations, energy infrastructure, and AI expansion. By contrast, Sweden's H100 Group nearly tripled its treasury to 3,506.4 BTC through a no-cash acquisition of NSD, exchanging newly issued shares for a company holding 2,455.37 BTC.

Strategy's balance-sheet policy occupies a middle ground between these approaches, retaining a dominant Bitcoin position while selectively monetizing portions of the treasury when management identifies opportunities to strengthen liquidity or repurchase securities below stated value. The latest moves also highlight how corporate Bitcoin strategies can serve different purposes depending on each company's financing needs, rather than following a single playbook.

As of August 9, Strategy held 840,447 BTC and $4.65 billion in its USD reserve, with $785.2 million remaining under its preferred-securities repurchase authorization.