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MicroStrategy sold Bitcoins last week, not to exit the crypto space, but to repurchase its own preferred STRC shares and bolster its cash reserves. The Nasdaq-listed company sold 1,690 BTC for a total of $108.6 million, bringing its total holdings to 840,447 Bitcoins as of August 9, 2026.
The SEC filing submitted on Monday leaves little room for interpretation. The money was used to buy back 1,152,020 STRC shares valued at $109 million. These STRC shares took a hit in June when the price fell well below the declared amount of $100 — a signal that the market was viewing this product skeptically. MicroStrategy also extended its USD duration from 143 days to 2.7 years, increased its USD reserve by $650 million, and tightened the BTC credit of STRC by 10 basis points. These are technical adjustments, but they show that the company is actively managing its positions.
840,447 Bitcoins. And $4.65 billion in cash reserves.
MSTR Dips, But Bitcoin Thesis Remains Unchanged
MSTR shares dropped nearly 3% on Monday. Not really a surprise — Bitcoin also fell during the day, and MSTR follows BTC’s price closely. The stock is still down nearly 80% from its all-time high, illustrating the extent of the correction since the peaks. For shareholders who bought at the top, it’s a tough pill to swallow.
But MicroStrategy insists: the long-term strategy on Bitcoin hasn’t changed. Since August 2020, the company has spent over $63.5 billion to buy Bitcoin. It’s colossal. No other publicly traded company holds as much BTC — MicroStrategy is by far the largest corporate holder of Bitcoin in the world. A sale of 1,690 BTC in this context is about 0.2% of the total. Not exactly an abandonment.
CEO Phong Le made it clear that MicroStrategy remains a long-term buyer of Bitcoin, despite the recent sales. No direct quote is available beyond that, but the message is clear.
Why Sell Bitcoin to Buy Back Shares?
MicroStrategy was formerly known as MicroStrategy. The company began buying Bitcoin in August 2020, during the pandemic, as a treasury strategy to enhance shareholder returns. At the time, cash was sitting idle in zero-interest accounts — putting it in BTC was the reasoning.
Today, the logic has somewhat reversed. The recent moves aim to strengthen the cash reserves. And buying back STRC shares trading below their declared value is a way to create value for shareholders — you buy back at 80, you destroy shares that were worth 100 on paper. Not a bad idea.
And the $650 million added to the USD reserve? It provides breathing room. Extending the duration from 143 days to 2.7 years means MicroStrategy doesn’t need to sell urgently in the coming months. This is probably the most important message from the filing — the company is giving itself time.
The crypto market closely watches such moves. MicroStrategy is so large in BTC that its decisions influence conversations. Other companies have looked at MicroStrategy’s model since 2020 and tried to replicate the approach — putting Bitcoin on the balance sheet as a reserve asset instead of cash. It’s still a prevailing trend in the sector.
It’s unclear if more sales are planned. MicroStrategy has not provided additional details on its short-term intentions.
As of August 9, 2026, MicroStrategy holds 840,447 Bitcoins and $4.65 billion in cash reserves — the two key figures to remember.
Frequently Asked Questions
How many Bitcoins did MicroStrategy sell and for how much?
MicroStrategy sold 1,690 Bitcoins for $108.6 million in the week of August 9, 2026, according to its SEC filing.
Why did MicroStrategy buy back its STRC shares?
MicroStrategy used the proceeds from the Bitcoin sale to repurchase 1,152,020 STRC shares for $109 million after the STRC price fell well below its declared amount of $100 in June.
How many Bitcoins does MicroStrategy still hold?
As of August 9, 2026, MicroStrategy holds 840,447 Bitcoins, making it the largest corporate holder of Bitcoin in the world, with $4.65 billion in cash reserves.
