Strategy sold 1,690 bitcoin and raised $653.1 million through common-stock sales to bolster its cash reserves [1], [3].
This shift marks a strategic pivot for the firm, known as the treasury vehicle for Michael Saylor, as it reduces its exposure to the volatile cryptocurrency in favor of a larger U.S. dollar stockpile.
According to an SEC Form 8-K filed on Aug. 10, 2026, the company sold the bitcoin for $108.6 million [2]. The sales occurred during the week prior to the filing [1]. The average sale price for the bitcoin was $64,262 per BTC [7].
In addition to the cryptocurrency sales, Strategy raised $653.1 million [1] from the sale of MSTR common stock. The company directed $650 million of these funds into its U.S. dollar reserve [2]. This move brings the firm's total cash reserve to $4.65 billion [5].
Strategy also used the capital to restructure its balance sheet by repurchasing 1.15 million STRC preferred shares [2]. These combined actions have reduced the company's total bitcoin holdings to 840,447 BTC [6].
The firm said the transactions were intended to bolster its U.S. dollar reserve and restructure its capital [2]. This reduction in bitcoin holdings reflects a broader shift in the company's balance-sheet strategy as it balances digital assets with liquid cash [1].
“Strategy sold 1,690 bitcoin and raised $653.1 million through common-stock sales.”
This move indicates a tactical diversification by Strategy, moving away from a pure-play bitcoin accumulation strategy toward a more balanced treasury. By converting a portion of its holdings and equity into a $4.65 billion cash reserve, the firm increases its liquidity and reduces the risk associated with bitcoin's price volatility.
