Strategy sold about $333.7 million in MSTR shares last week while making no bitcoin purchases or sales, according to an 8-K filing with the US Securities and Exchange Commission on Monday morning. The company sold 3,458,866 shares between Aug. 10 and Aug. 16 as it shifted funds toward dividends, stock repurchases, and cash reserves.
Strategy said it used $52.4 million in net proceeds from the MSTR shares sale to pay dividends on its STRC preferred stock. The company directed another $132.2 million toward STRC repurchases under its Digital Credit Securities Repurchase Program.
The remaining $149.1 million went into Strategy’s US dollar reserve. That reserve now stands at $4.8 billion and supports preferred stock dividends, interest payments, securities repurchases, and other uses allowed under the company’s capital framework.
Strategy made no bitcoin purchases or sales during the reporting period. Its holdings therefore remained at 840,447 BTC, worth about $53.4 billion at current prices. The company bought those coins at an average price of $75,385 each, with total costs near $63.4 billion.
The position equals about 4% of bitcoin’s fixed 21 million supply. At bitcoin’s current market price near $63,539, Strategy carries about $10 billion in unrealized losses on its bitcoin holdings.
The company recently set rules for its cash reserve under its Digital Credit Capital Framework. Strategy now limits the reserve to preferred stock dividends and interest payments, while also running a $1 billion repurchase plan for digital credit securities, with STRC as the priority.
Strategy also approved a $1 billion common stock buyback. It later expanded its Bitcoin Monetization Program to permit up to $5 billion in bitcoin sales to fund the reserve, dividends, interest costs, and securities repurchases when needed.
MSTR shares closed Friday at $93.04 after falling 4.1% for the week. The stock remains nearly 80% below its summer 2025 peak, while its enterprise market-cap-to-net-asset-value ratio stands near 1.04.
MSCI is also reviewing a method that could remove Strategy and Metaplanet from some global indexes. A May 2026 simulation placed both firms among companies that would be deleted from the MSCI ACWI IMI under the proposed rules.
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