Strategy Inc sold 1,690 BTC for $108.6 million between August 3 and August 9, 2026, raising its USD Reserve to $4.65 billion, according to a Form 8-K filed with the SEC on August 10, 2026. The sale priced at an average of $64,262 per bitcoin, cutting Strategy’s total holdings to 840,447 BTC and funding a matching $108.6 million buyback of its STRC preferred stock.
This sale puts the BTC Monetization Program Strategy’s board authorized on June 29, 2026 into practice, a tool built to keep preferred dividends and interest payments covered without touching the company’s core bitcoin position.
Where the $108.6 Million in Bitcoin Proceeds Went
Strategy also raised money outside bitcoin that week, selling 6,585,682 shares of Class A common stock under its at-the-market program for $653.1 million in net proceeds, according to the SEC filing. Of that, $650.0 million went into the USD Reserve and $3.1 million went to cash.
The bitcoin proceeds funded a separate move. Strategy used the $108.6 million raised from selling BTC to repurchase 1,152,020 shares of STRC, its variable-rate preferred stock. The company used the same tactic on July 6, 2026, selling 3,588 BTC for roughly $216 million to cover dividend payments across STRF, STRK, STRD, and STRC, which shows bitcoin sales have become a recurring funding tool rather than a one-time event.
Under the framework Strategy adopted on June 29, 2026, the board capped Digital Credit Securities repurchases at $1.0 billion, of which $785.2 million remains available after this week’s buyback.
That $64,262 average sale price also sits well under Strategy’s own average purchase price of $75,385 across its full 840,447 BTC position, worth $63.36 billion in aggregate, showing the company will sell bitcoin below cost to keep preferred dividends funded.
What This Means for MSTR and Preferred Stockholders
For holders of STRC and Strategy’s other preferred shares, the disclosure confirms the board will draw down bitcoin to protect dividend coverage rather than lean only on new stock sales.
For MSTR shareholders, the more notable signal is what the company has not touched: none of its $1.0 billion common stock repurchase authorization has been used yet, even as $108.6 million went toward preferred buybacks instead.
Whether Strategy Taps Its $785 Million STRC Buyback Room Next
Strategy still has $785.2 million left under the Digital Credit Securities repurchase program, and its full $1.0 billion MSTR repurchase authorization remains untouched as of August 9, 2026. The next weekly Form 8-K will show whether Strategy keeps directing bitcoin proceeds toward STRC or starts buying back MSTR shares instead.
What this means for you: if you hold MSTR or Strategy’s preferred stock, this filing shows the company is actively selling small slices of bitcoin to protect income payments, not just buying and holding forever.
This article is for informational purposes only and does not constitute financial advice. Do your own research before making any investment decisions.
