Strategy sold Bitcoin for the second week in a row, offloading 1,690 BTC between August 3 and August 9 for $108.6 million. The proceeds went straight into repurchasing 1.15 million units of its STRC preferred stock.
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. $MSTR…
— Michael Saylor (@saylor) August 10, 2026
This marks Strategy’s fourth disclosed Bitcoin sale of 2026. Total BTC sold this year now sits at 6,948 coins.
The company still holds 840,447 BTC, purchased at an aggregate cost of $63.36 billion. That works out to an average buy price of $75,385 per coin.
The latest batch was sold at an average net price of $64,262 per Bitcoin, meaning Strategy sold below its average cost basis.
STRC was up 0.46% at $95.45 in premarket trading Monday. MSTR gained 0.25% to $100.26.
CEO Phong Le said he originally assumed investors would place high value on Bitcoin because it is liquid and has appreciated over time. That assumption turned out to be wrong for one key group.
Institutions putting shorter-term money into Strategy’s preferred products “value cash more,” Le said in an interview on CoinDesk’s Public Keys.
The company now holds $4.65 billion in US dollars, up from roughly $4 billion the week prior. That cushion provides about 2.7 years of dividend coverage.
Of the $653.1 million in net proceeds from recent MSTR stock sales, $650 million went toward building that reserve.
Strategy has $785.2 million remaining under its digital credit securities repurchase program. Another $1 billion is available under its Class A common-stock repurchase program.
STRC has rebounded 24% from its June lows, retaking $90 on August 3 before climbing further.
Le is pitching Strategy as more than a leveraged Bitcoin play. “We wanna be the JP Morgan of digital finance,” he said.
The company has developed preferred products like STRC for investors who want Bitcoin-linked returns with less volatility. Le described a spectrum of investors ranging from those seeking amplified Bitcoin exposure to those wanting yields closer to traditional credit products.
Strategy’s legacy software business is still part of the picture. Software revenue grew 7% year over year, while cloud subscriptions rose 54%.
The company employs roughly 1,500 people, giving its Bitcoin operation access to legal, finance, engineering, and marketing talent.
Le said Strategy owns roughly 4% of Bitcoin’s eventual 21 million supply. “We now are the bellwether. We now are the central bank of Bitcoin,” he said.
The prior week’s sale involved 1,638 BTC for $104.73 million between July 27 and August 2, also used to fund STRC repurchases.
STRC closed Friday at $95, with MSTR at $100.01, before both ticked higher in Monday premarket trading.
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