Strategy Sells 1,690 BTC to Fund $108.6M STRC Buyback, Reserve Hits $4.65B
MSTR sits 22% above its 52-week low of $81.81.
Summary
Strategy sold 1,690 Bitcoin for $108.6M between Aug 3-9 and used the proceeds to repurchase 1.15M shares of its STRC preferred stock. This is the fourth disclosed BTC sale of 2026, bringing total sales to 6,948 BTC, while the company still holds 840,447 BTC. The sale was executed at an average price of $64,262 per BTC, below the aggregate purchase price of $75,385, but the buyback reduces dilution and supports STRC, which has rallied 24% from June lows. The USD reserve grew to $4.65B, up from ~$4B, with $650M from recent MSTR stock sales, strengthening the dividend cushion. With $785M remaining under the preferred repurchase program and $1B for common stock, Strategy is actively managing its capital structure while maintaining a massive Bitcoin position.
At the time of this announcement, MSTR was trading at $99.82 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $38.4B. The 52-week trading range was $81.81 to $414.36. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Cointelegraph.