Strategy Sells Another US$109M in Bitcoin to Buy Back Preferred Stock
Strategy’s Bitcoin sales have funded repurchases of STRC preferred stock, while separate MSTR share sales have strengthened its dollar reserve. The latest disposal leaves Strategy with 840,447 BTC, with the. . .
Strategy’s Bitcoin sales have funded repurchases of STRC preferred stock, while separate MSTR share sales have strengthened its dollar reserve. The latest disposal leaves Strategy with 840,447 BTC, with the coins sold at a lower price than the average cost of its overall holdings. The company retains substantial capacity for further preferred and common-stock repurchases following the latest capital transactions. Strategyhas cut itsBitcoinholdings for asecond straight week,selling 1,690 BTC for US$108. 6 million (AU$154. 21 million) between 3 and 9 August. The proceeds were used to purchase 1,152,020 shares of STRC, a variable-rate preferred stock, for US$108. 6 million (AU$154. 21 million). Following the transaction, the company held 840,447 BTC, acquired at a total cost of US$63. 36 billion (AU$89. 97 billion), including fees and expenses. The latest coins were sold for an average US$64,262 (AU$91,252) per Bitcoin, below the US$75,385 (AU$107,047) average price paid for Strategy’s overall holdings. The company has disclosed four Bitcoin sales during 2026, amounting to 6,948 BTC. Related:Strategy Defends $3B Cash Reserve, Says Bitcoin Strategy Remains UnchangedMSTR Sales Lift Company ReservesStrategy also raised US$653. 1 million (AU$927. 40 million) through the sale of 6. 59 million MSTR shares last week. It allocated US$650 million (AU$923 million) of that amount to its US dollar reserve, which reached US$4. 65 billion (AU$6. 60 billion) on 9 August, while US$3. 1 million (AU$4. 40 million) was added to cash. The latest reserve figure was higher than the roughly US$4 billion (AU$5. 68 billion) reported in the preceding weekly update. Strategy still had US$785. 2 million (AU$1. 11 billion) available under its preferred-stock repurchase programme and another US$1 billion (AU$1. 42 billion) under its common-stock repurchase programme. Its Bitcoin holdings represent around 4% of the cryptocurrency’s 21 million supply cap, according to the source. Bitcoin was trading near US$65,000 (AU$92,300) after the filing, while MSTR and STRC were both up 0. 5% in Monday pre-market trading. Related:Boltz Halts Bitcoin Swaps Indefinitely as AI-Powered Attacks Overwhelm Service