Strategy Sold $291M in Stock and $105M in Bitcoin, Repurchased $81M in Preferreds
MSTR is trading near its 52-week low of $81.81 (12% above the low).
Summary
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.
Updates
· The Block — Bitcoin dipped to around $62,400 and MSTR shares fell 1.7% pre-market on the news. Paper losses on remaining holdings are roughly $10.9 billion.
Key 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.
Analysis · 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.
How filings like this one have moved
In the 30 days to Oct 7, 2026, 36.1% of the 1056 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.59%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, MSTR was trading at $91.73 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $32.7B. The 52-week trading range was $81.81 to $414.36. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.