Strategy has sold 1,638 Bitcoin for $104.7 million in the week ending August 2, 2026, using the proceeds to fund preferred stock dividends and repurchase its own shares. This move marks a significant shift from the company’s previously stated “never sell” Bitcoin policy, according to an 8-K filing on Monday.
The sale reduced Strategy’s Bitcoin holdings to 842,138 BTC, with the coins fetching an average price of $63,957, net of fees. This transaction is part of a broader capital framework established in June, which permits up to $1.25 billion in Bitcoin disposals. To date, Strategy has utilized $321 million of this capacity, including $216 million sold in July and the recent $104.7 million sale.
Of the $104.7 million generated, $52.4 million was allocated to preferred stock dividends, while $52.3 million funded the repurchase of Strategy’s own shares (STRC). The company acquired 912,143 STRC shares for $81.2 million, with the remaining $28.9 million of the repurchase cost covered by common stock sales. This buyback is the second under a $1 billion program authorized on June 29, leaving $893.8 million of that authorization available.
These transactions have also bolstered Strategy’s USD reserves, which increased by $250 million to $4.0 billion as of August 2, 2026. Strategy indicated that these moves extended its USD duration by 57 days to 2.3 years and tightened its Bitcoin credit spread by five basis points. The company plans to maintain its STRC dividend rate at 12% annually, with semi-monthly payments of $0.50 per share.
Strategy’s Bitcoin holdings are now 5,225 BTC below their June peak of 847,363 BTC, a reduction of 0.6%. The firm has not acquired additional Bitcoin since June, prioritizing the growth of its USD reserve to meet approximately $1.76 billion in annual dividend obligations. This strategy has largely involved selling MSTR shares; last week, 3,011,361 shares were sold for $290.6 million net, with $250 million of that amount added to the USD reserve.
Historically, Strategy’s approach to its Bitcoin holdings has evolved. While the company broke its “never sell” stance at the end of May by selling 32 BTC for $2.5 million to fund preferred distributions, the recent sale represents a more substantial reallocation. Previous Bitcoin sales include 704 BTC in December 2022 for tax-loss harvesting, followed by a repurchase of 810 BTC shortly after. The current strategy emphasizes strengthening USD reserves and returning capital to shareholders through dividends and share buybacks.
In the broader market, Bitcoin traded around $62,600 on Monday, down 1% on the day, according to CoinGecko data. Sentiment on prediction markets regarding Strategy’s future Bitcoin holdings suggests a cautious outlook, with users estimating a 6% chance of the company holding over 1 million BTC by 2027, down from 12% a week prior.
Why This Matters
The materials describe a narrow update: Strategy sold 1,638 BTC for $104. The exact date of the 8-K filing mentioned.
Broader Context
Source materials place the factual news in this context: Strategy sold 1,638 BTC for $104.7 million in the week to Aug 2, according to an 8-K filed Monday, cutting its Bitcoin stack to 842,138 BTC from the 843,775 it had held since early July.
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