Strategy Sold $291M in Stock and $105M in Bitcoin, Repurchased $81M in Preferreds

summarizeSummary

Strategy Inc sold $290.6M in common stock and $104.7M in Bitcoin this week, using proceeds to build its USD Reserve, repurchase preferred shares, and pay dividends — continuing its aggressive capital management.

check_boxKey Events · Financing and Capital Events · MSTR

• ATM Stock Sales Continue

  Sold 3,011,361 MSTR shares for $290.6M net proceeds during the week ended August 2, 2026, with $22.7B remaining capacity.

• Bitcoin Sold to Fund Operations

  Sold 1,638 BTC for $104.73M, using $52.4M for preferred dividends and $52.3M for STRC repurchases — a departure from pure accumulation.

• Preferred Share Repurchases

  Repurchased 912,143 STRC shares for $81.2M under the Digital Credit Securities Repurchase Program, with $893.8M remaining authorization.

• USD Reserve Bolstered

  USD Reserve reached $4.0B as of August 2, 2026, funded largely by ATM proceeds, to support preferred dividends and debt service.

auto_awesomeAnalysis · MSTR · Crypto Assets

Strategy continues aggressively tapping its ATM program, selling $290.6 million in common stock this week alone. The proceeds are being deployed across multiple fronts: $250 million to bolster the USD Reserve (now at $4 billion), $28.9 million to repurchase STRC preferred shares, and $11.7 million to cash. Simultaneously, the company sold 1,638 Bitcoin for $104.7 million — a notable shift from its historical HODL stance — using half the proceeds for preferred dividends and half for additional STRC buybacks. The $81.2 million in STRC repurchases this week, combined with the Bitcoin sales, signal active balance-sheet management amid a heavy preferred dividend burden. With $22.7 billion in remaining ATM capacity for common stock, dilution pressure remains a persistent overhang.