Bitcoin News
By Steven Anderson
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MSTR Dips, But Bitcoin Thesis Remains Unchanged. MSTR shares dropped nearly 3% on Monday. Not really a surprise — Bitcoin also fell during the day,…
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Why Sell Bitcoin to Buy Back Shares?. MicroStrategy was formerly known as MicroStrategy. The company began buying Bitcoin in August…
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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.
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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.
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840,447 Bitcoins. And $4.65 billion in cash reserves.
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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.
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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.
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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.
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Also read: MicroStrategy sells 1,690 Bitcoin as its USD reserves reach $4.65 billion
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Today, the logic has somewhat reversed. The recent moves aim to strengthen the cash reserves.
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And the $650 million added to the USD reserve? It provides breathing room. Extending the duration from 143 days to 2.
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The crypto market closely watches such moves. MicroStrategy is so large in BTC that its decisions influence conversations.
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It's unclear if more sales are planned. MicroStrategy has not provided additional details on its short-term intentions.
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As of August 9, 2026, MicroStrategy holds 840,447 Bitcoins and $4.65 billion in cash reserves — the two key figures to remember.
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Related reading: Empery Digital sells 1,635 Bitcoin for $102M as collateral pressure mounts
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