Catenaa, Tuesday, August 04, 2026- Strategy sold an additional 1,638 Bitcoin for approximately $104.7 million last week as the company continued reshaping its capital management strategy by increasing cash reserves and supporting its preferred stock programmes.
The Bitcoin treasury company said in a filing with the U.S. Securities and Exchange Commission that it sold the cryptocurrency between July 27 and Aug. 2 at an average price of $63,957 per Bitcoin.
Following the latest sale, Strategy’s Bitcoin holdings declined to 842,138 BTC, acquired at an average purchase price of $75,419 per Bitcoin, including fees and expenses.
The company’s remaining holdings are valued at approximately $52.6 billion based on current market prices and still represent about 4% of Bitcoin’s maximum supply of 21 million coins.
Strategy said proceeds from the Bitcoin sale were used to fund distributions on its preferred stock and repurchase shares of its STRC preferred security.
The company also sold more than 3 million MSTR shares during the same period, raising approximately $290.6 million.
Most of those proceeds were used to increase Strategy’s U.S. dollar reserve by $250 million, lifting total reserves to $4 billion. The company also spent $28.9 million repurchasing STRC shares, with the remaining funds added to its cash balance.
The transactions form part of Strategy’s Digital Credit Capital Framework, introduced earlier this year to strengthen liquidity and reduce reliance on issuing new equity during periods of market weakness.
Under the framework, Strategy has expanded its Bitcoin Monetization Program, allowing sales of up to $5 billion worth of Bitcoin to support reserves, preferred stock dividends, interest payments and securities repurchases when management considers those sales more advantageous than issuing additional common shares.
The latest sale follows Strategy’s second-quarter results, which showed an $8.2 billion loss driven largely by unrealized declines in the value of its Bitcoin holdings as cryptocurrency prices weakened during the period.
Despite reducing its Bitcoin position in recent weeks, Strategy remains the world’s largest corporate holder of the cryptocurrency.
Analysts at TD Cowen and Benchmark maintained Buy ratings on the company following its latest earnings report, although Benchmark lowered its price target after reducing its long-term Bitcoin price assumptions.
