Strategy Sells 1,690 Bitcoin for Second Straight Week, USD Reserve Hits $4.65 Billion
Strategy sold 1,690 Bitcoin for $108.6 million during the week ending August 9, according to a Form 8-K filing with the SEC published Monday. The sale marks the company’s fourth disclosed Bitcoin disposal of 2026 and its second in consecutive weeks.
The coins were sold at an average price of $64,262 before fees and expenses. Strategy’s average purchase price across its full stack sits at $75,385, meaning the company sold at roughly a $11,100 per-coin loss compared to its aggregate cost basis.
After the sale, Strategy holds 840,447 BTC acquired for a total of $63.36 billion. At Bitcoin’s current price near $65,000, the portfolio is worth approximately $55 billion.
Where the money went
Every dollar from the Bitcoin sale funded one thing: buying back STRC.
Strategy repurchased 1,152,020 shares of its Variable Rate Series A Perpetual Stretch Preferred Stock for $108.6 million during the same August 3–9 period. This is the company’s third buyback round under its $1 billion Digital Credit Securities Repurchase Program announced June 29.
The STRC buyback math is straightforward. Each share has a $100 stated value. Strategy is buying below that level, so every repurchase retires more in future obligations than it costs today. STRC traded at approximately $95.55 in premarket Monday, up significantly from its late-June low of $71.25.
CEO Phong Le told investors during the Q2 earnings call that the goal is for STRC to trade consistently near $99 to $100. Michael Saylor said Monday’s round tightened STRC’s “BTC Credit” by 10 basis points.
The equity side
Separately, Strategy sold 6,585,682 MSTR common shares through its at-the-market offering program, raising $653.1 million in net proceeds. The company split the capital as follows:
- $650 million directed to the USD reserve
- $3.1 million added to cash balance
The USD reserve now stands at $4.65 billion, up from $4 billion just one week earlier. Strategy says the reserve exists to cover preferred-stock dividends and interest on outstanding debt. Saylor said the latest moves pushed the company’s “USD Duration” the estimated time the cash cushion can fund preferred obligations up by 143 days to 2.7 years.
The company still has $785.2 million remaining under its preferred-stock repurchase program and $1 billion available under a separate MSTR common-stock repurchase program.
The running scorecard
The numbers across 2026 now look like this:
