Bitcoin News

Story: Strategy Sells 1,690 Bitcoin for $108.6M to Fund STRC Preferred Stock Buyback

By Evie Vavasseur

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What's Left in the Tank. Strategy still holds 840,447 BTC, bought for a cumulative $63.36 billion.

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STRC and MSTR Price Action. STRC shares had a rough stretch earlier this summer. They fell hard, then climbed back.

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Reading the Pattern. Four Bitcoin sales in one year is a pattern worth watching.

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Strategy moved fast last week. The company sold 1,690 Bitcoin between August 3 and August 9, pulling in $108.

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It's the fourth time this year Strategy has sold Bitcoin. Not a small number. The company offloaded the coins at an average price of $64,262 per BTC, which is actually below its…

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Strategy still holds 840,447 BTC, bought for a cumulative $63.36 billion. That's a massive position — one of the largest corporate Bitcoin stashes anywhere.

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The US dollar reserve grew too. Strategy reported $4.65 billion in cash reserves, up from roughly $4 billion the week before. A big chunk of that jump — $650 million out of $653.

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Worth noting: Strategy has now sold 6,948 BTC in total throughout 2026. That's not nothing, but it's a fraction of what the company holds.

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STRC shares had a rough stretch earlier this summer. They fell hard, then climbed back. By August 3, STRC was sitting at $90 after a 24% rally off its June lows.

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That STRC recovery probably matters here. Buying back shares when they're still well below prior highs can be a smart move — you retire more shares per dollar.

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Related: MicroStrategy Sells 1,690 Bitcoins to Buy Back STRC Shares and Boost Cash Reserves

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STRC is a variable-rate preferred stock, which means its dividend payments shift with interest rates.

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Four Bitcoin sales in one year is a pattern worth watching. Strategy spent years accumulating aggressively, rarely selling anything.

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The company's financial filings have been pretty transparent about each transaction. Every sale gets disclosed, every buyback gets detailed.

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Strategy's dollar reserve sitting at $4.65 billion gives it real flexibility. It can run buybacks, service preferred dividends, and still have a cushion if Bitcoin prices swing…

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