Saylor's Strategy Sold Bitcoin Again. Here Are the Exact Numbers, and What They Mean

Strategy sold 1,690 Bitcoin for $108.6 million between August 3 and 9, 2026. The proceeds went toward buying back 1,152,020 shares of its STRC preferred stock at an average price of $94.27, retiring $115.2 million in stated value. In the same window, the company raised $653.1 million in net proceeds by selling 6,585,682 shares of MSTR common stock, directing $650 million of that into its USD Reserve.

All of these figures come from Strategy’s SEC Form FWP investor briefing filed August 13, and a Form 8-K filed August 10. They describe a company that has shifted from aggressive Bitcoin accumulation to cash preservation. Strategy has not purchased Bitcoin in eight weeks. Its holdings sit at 840,447 BTC (roughly 4.00% of total supply) as of August 9. The USD Reserve has nearly doubled in six weeks, from $2.55 billion when the capital framework launched June 29 to $4.65 billion, enough to cover roughly 2.7 years of the company’s $1.736 billion in annual obligations (debt interest plus preferred dividends).

One day after the briefing, on August 14, MSCI proposed a classification change that could remove MSTR from its ACWI IMI index at the November 2026 review. Strategy’s larger reserve gives it a bigger buffer if external capital conditions become less favorable.