Strategy Converts 1,690 BTC into $108.6M STRC Buyback
The company continues preferred stock repurchases using proceeds from Bitcoin sales.
1Large-Scale Bitcoin Sale
Between August 3-9, 2026, Strategy sold 1,690 Bitcoin, generating $108.6 million in revenue. This sale was disclosed in an 8-K filing with the U.S. Securities and Exchange Commission (SEC). The average net sale price was $64,262 per Bitcoin. With this move, Strategy's total Bitcoin sales for 2026 reached 6,948 BTC.
2STRC Preferred Stock Repurchase
The company used the $108.6 million proceeds from the Bitcoin sale to repurchase 1.15 million shares of STRC preferred stock. STRC shares are variable-rate preferred stocks designed to pay monthly dividends. This marks Strategy's fourth disclosed Bitcoin sale in 2026 and is part of the company's share repurchase strategy.
3Bitcoin Holdings and Dollar Reserves
Strategy's Bitcoin holdings decreased to 840,447 BTC following this sale. The company's average Bitcoin purchase price (including fees and expenses) stands at $75,385. Meanwhile, the company's U.S. dollar reserves increased to $4.65 billion. This growth was partly due to transferring $650 million from the $653.1 million net proceeds of recent MSTR stock sales to reserves.
4Previous Sales and Strategy
Between July 27-August 2, Strategy had sold 1,638 BTC for $104.73 million, which was also used for STRC share repurchases. The company has $785.2 million remaining under its digital credit securities repurchase program (covering preferred stock) and $1 billion available under its Class A common-stock repurchase program.
5Market Reactions and Stock Performance
STRC shares rallied during Strategy's recent buybacks, reclaiming the $90 level on August 3 after rebounding 24% from June lows. In Monday's premarket trading, STRC rose 0.46% to $95.45 after closing Friday at $95, while MSTR gained 0.25% to $100.26.
6Average Purchase and Sale Prices
The average net sale price in Strategy's latest Bitcoin sale ($64,262) was below the company's overall average purchase price ($75,385), indicating some BTC were sold at a loss. However, the company continues its long-term Bitcoin investment strategy while using these sales to meet short-term cash needs for share repurchases.
7Parallels to Dot-Com Crisis
Strategy became a symbol during the dot-com bubble era. Some analysts warn that the company's current aggressive Bitcoin and stock strategies could lead to history repeating itself. However, management states they will continue these strategies to strengthen their position in the digital asset market.
8Leader in Corporate Bitcoin Investments
With current holdings of 840,447 BTC, Strategy maintains its position as the corporate entity with the world's largest Bitcoin treasury. These BTC, representing a $63.36 billion investment, form the foundation of the company's long-term digital asset strategy. The sales for share repurchases are considered part of the company's short-term cash flow management.