Strategy Sells $105M in Bitcoin, Lifts Dollar Reserve to $4B

Strategy Sells $105M in Bitcoin, Lifts Dollar Reserve to $4B

Mon, August 3, 2026 at 7:24 PM GMT+3 2 min read

Strategy Inc. (NASDAQ: $MSTR) sold 1,638 Bitcoin and more than 3 million common shares last week, extending a capital overhaul that is directing fresh liquidity toward reserves, dividends and preferred-stock support.

The Bitcoin sale raised $104.73 million at an average price of $63,957 per token between July 27 and August 2. Strategy used $52.4 million to fund preferred-stock dividends and another $52.3 million to repurchase shares of its Variable Rate Series A Perpetual Stretch Preferred Stock, or STRC (NASDAQ: $STRC).

The company ended the period with 842,138 Bitcoin acquired for $63.51 billion, placing its average purchase price at $75,419. Its latest sale therefore came below the aggregate cost attached to the remaining reserve, though the company still controls roughly 4% of Bitcoin's fixed supply.

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Strategy also sold 3,011,361 MSTR shares through its at-the-market program, generating $290.6 million in net proceeds. Of that amount, $250 million went into its U.S. dollar reserve, $28.9 million supported additional STRC repurchases and $11.7 million was added to the company's cash balance.

The dollar reserve has now reached $4 billion, up from about $2.55 billion when Strategy introduced its Digital Credit Capital Framework at the end of June. The reserve is intended to cover preferred dividends and interest obligations while giving management more room to respond to market conditions.

Strategy repurchased 912,143 STRC shares for $81.2 million during the week, equivalent to roughly $89 per share and below the security's $100 stated amount. The company maintained STRC's annual dividend rate at 12%.

CEO Phong Le previously described the framework as a shift "from one-way capital issuance to active capital management." The latest transactions put that policy into practice, pairing Bitcoin sales and common-stock issuance with cash accumulation and discounted preferred-share buybacks.

Strategy Inc. (NASDAQ: MSTR) is currently trading at $94.75 U.S. per share, while Bitcoin (CRYPTO: $BTC) is currently trading at $63,662 U.S. per digital token.