Strategy sold 1,638 Bitcoin to strengthen cash reserves while funding shareholder distributions, repurchases, and capital management priorities without abandoning Bitcoin. Strategy expanded i
Strategy sold 1,638 Bitcoin for approximately $104.7 million to strengthen its cash reserves and meet shareholder-related obligations under its revised capital framework.
Rather than expanding its Bitcoin position, the company directed the proceeds toward preferred stock distributions, share repurchases, and reserve growth. Even after the transaction, Strategy remains the world’s largest corporate Bitcoin holder with 843,138 BTC.
According to an 8-K filing with the U.S. Securities and Exchange Commission, Strategy completed the sale between July 27 and Aug. 2 at an average price of $63,957 per Bitcoin.
Michael Saylor, Strategy’s co-founder and executive chairman, confirmed that the company’s Bitcoin holdings were acquired at an average cost of $75,419 per coin, representing a total investment of roughly $63.5 billion, including fees and expenses. Despite the reduction, Strategy still controls about 4% of Bitcoin’s maximum supply.
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Proceeds from the Bitcoin sale supported commitments under Strategy’s Digital Credit Capital Framework. Specifically, the company used the funds to pay preferred stock distributions and to repurchase STRC securities.
In addition, Strategy sold 3,011,361 MSTR shares for approximately $290.6 million. It directed $250 million of those proceeds toward increasing its U.S. dollar reserve from $3.75 billion to $4 billion. Moreover, the company spent $28.9 million repurchasing STRC shares, while the remaining funds strengthened its cash balance.
Strategy also expanded its Bitcoin Monetization Program, authorizing up to $5 billion in future Bitcoin sales. Those proceeds may support reserve requirements, dividend payments, interest obligations, and additional security repurchases under the company’s updated framework.
Meanwhile, according to on-chain analytics platform Lookonchain, a wallet linked to Strategy transferred nearly 300 BTC before the company disclosed the sale. The analytics firm noted that the transaction closely resembled the pattern observed before Strategy’s previous Bitcoin sale announcement.
Michael Saylor also shared another Bitcoin tracker chart on X with the caption “Bitcoin Drive engaged.” Unlike several earlier posts that often signaled upcoming Bitcoin purchases, the latest update preceded another announced sale, reflecting the company’s evolving treasury approach.
Bitcoin Drive engaged. pic.twitter.com/sFpTPiMdak
— Michael Saylor (@saylor) August 2, 2026
Strategy also reported an $8.2 billion net loss during the second quarter, with unrealized declines in the value of its Bitcoin holdings accounting for most of the result. Nevertheless, analysts at TD Cowen and Benchmark maintained Buy ratings on the company.
Although Benchmark lowered its price target after reducing its 2026 Bitcoin price assumption, both firms indicated that management remains focused on strengthening the balance sheet while supporting shareholder value.
Strategy’s latest Bitcoin sale underscores its emphasis on liquidity management rather than a departure from its long-term Bitcoin strategy. By combining reserve growth with shareholder distributions and security repurchases, the company continues to balance capital preservation with its sizeable digital asset holdings.
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