Strategy sells $109 million in Bitcoin for second consecutive week

Strategy sold 1,690 BTC for $108.6 million between August 3 and August 9, 2026, marking its second consecutive week of sales. The company used all proceeds to buy back 1.152 million shares of its STRC preferred stock below par value. Concurrently, Strategy raised $653.1 million via common stock sales, boosting its USD reserve to $4.65 billion. While Executive Chairman Michael Saylor maintains his personal 'never sell' stance, the firm's new capital framework has reduced its treasury to 840,447 BTC, carrying billions in paper losses.

Strategy Bitcoin sales program

• ▪Strategy sold 3,588 BTC for approximately $216 million across two transactions between June 29 and July 5, 2026
• ▪Strategy sold 1,690 BTC for approximately $108.6 million between August 3 and August 9, 2026, at an average price of $64,262 per coin
• ▪Strategy has sold a total of 6,948 BTC for approximately $432.5 million in 2026, including an initial sale of 32 BTC for $2.5 million in late May

STRC preferred stock buybacks

• ▪The STRC preferred stock buyback was executed at approximately $94.27 per share, which is below the stock's $100 par value
• ▪Strategy used the entire $108.6 million in proceeds from its August 3 to August 9, 2026, Bitcoin sale to repurchase 1,152,020 shares of its STRC preferred stock
• ▪Strategy has $785.2 million of remaining authorization under its $1 billion Digital Credit Securities Repurchase Program announced on June 29, 2026

USD reserve replenishment

• ▪Strategy's USD reserve stood at $4.0 billion prior to the $650 million replenishment during the week ending August 9, 2026
• ▪Strategy routed $650 million of its weekly common stock sale proceeds into its USD reserve, raising the total reserve to $4.65 billion as of August 9, 2026
• ▪Strategy raised $653.1 million net by selling 6,585,682 shares of its common stock during the week ending August 9, 2026

Bitcoin treasury holdings

• ▪Strategy's Bitcoin holdings carry approximately $8.7 billion to $9.5 billion in paper losses based on market prices on August 10, 2026
• ▪Strategy acquired its 840,447 BTC reserve for an aggregate cost of $63.36 billion, representing an average purchase price of $75,385 per coin
• ▪Strategy holds 840,447 BTC in its treasury as of August 9, 2026, down from a peak of 847,363 BTC in June 2026

Shift from accumulation strategy

• ▪Strategy's Bitcoin sales represent a shift from its long-held 'never sell' accumulation strategy, which began with its first purchase in August 2020
• ▪Strategy Executive Chairman Michael Saylor stated that his personal 'never sell' stance remains unchanged and that Strategy is a public company, not his personal wallet
• ▪Strategy adopted its Digital Credit Capital Framework in late June 2026, authorizing up to $1.25 billion in Bitcoin sales to manage capital and fund cash reserves