MicroStrategy (now Strategy) disclosed another Bitcoin (BTC) sale on Monday, offloading 1,690 BTC for $108.6 million. Every dollar went into buybacks of its STRC preferred stock.
The company still holds 840,447 BTC, the largest corporate Bitcoin treasury. However, it now sells coins below cost to repair a preferred stock that will not hold its intended price.
Inside the Latest Strategy Bitcoin Sale
The sale ran from August 3 to August 9 at an average price of $64,262 per coin. Strategy detailed the transaction in a Form 8-K filing with the US Securities and Exchange Commission (SEC).
Net proceeds funded the repurchase of 1,152,020 shares of STRC. That security is the variable-rate perpetual preferred stock Strategy issued to help finance its Bitcoin accumulation. Its dividend resets monthly, currently at 12% annualized, to keep the share price near a $100 par value.
The market has resisted the design. STRC closed Friday at $95.01, up 1.16%, after sinking as low as $71.25 within the past year. It ticked up to $95.55 in Monday's pre-market.
The transaction extends a clear pattern. Strategy sold 1,638 BTC one week earlier, marking consecutive weeks as a net seller. The filing listed no new Bitcoin purchases for the period.
Meanwhile, the remaining stack cost $63.36 billion to build, an average of $75,385 per coin. Every disposal near current prices locks in a loss against that basis. Executive chairman Michael Saylor, for his part, maintains he has never sold personally.
MSTR Share Sales Lift the USD Reserve to $4.65 Billion
Strategy also sold 6,585,682 MSTR shares through its at-the-market (ATM) equity program, raising $653.1 million. It routed $650 million of that into its USD reserve, which now stands at $4.65 billion.
Saylor framed the week as a credit exercise rather than a retreat from Bitcoin.
"Strategy increased its USD Reserve by $650M and repurchased $109M of $STRC. This increased USD Duration by 143 days to 2.7 yrs and tightened STRC's BTC Credit by 10 bps. As of 8/9/26, we hold ₿840,447 in our BTC Reserve and $4.65B in our USD Reserve," Saylor wrote.
