Strategy Continues To Sell Bitcoin And Common Stock

Strategy Continues To Sell Bitcoin And Common Stock

Mon, August 10, 2026 at 4:24 PM GMT+3 1 min read

Serial cryptocurrency acquirer Strategy (NASDAQ: $MSTR) continued to sell both Bitcoin (CRYPTO: $BTC) and its common stock over the past week.

The company led by Chairman Michael Saylor raised $108.6 million U.S. last week through the sale of 1,690 BTC and an additional $653.1 million U.S. from the sale of 6.59 million shares of its common stock.

The company used the Bitcoin proceeds to buyback 1,152,020 shares of its variable-rate preferred stock (NASDAQ: $STRC) at a cost to the company of $108.6 million U.S.

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The latest Bitcoin sales reduced Strategy's holdings to 840,447 BTC, acquired for $63.36 billion U.S. at an average price of $75,385 U.S.

The 1,690 Bitcoin were sold over the past week at an average price of $64,262 U.S., meaning the company continues to sell BTC at a loss.

Strategy is prioritizing building up its cash reserves and ensuring that it has enough money to cover dividend payments on its preferred stock, which yields 12%.

Strategy directed $650 million U.S. of the proceeds from its common-stock sale to its cash reserves, increasing the balance to $4.65 billion U.S.

Following the latest transactions, Strategy has $785.2 million U.S. remaining on its preferred stock repurchase program.

Bitcoin is trading at $64,800 U.S. on Aug. 10. MSTR stock has declined 75% over the last 12 months to change hands at $100.01 U.S. per share.