Crypto
Strategy Sells Bitcoin to Build Cash Reserves Amid Shift Away from Aggressive Accumulation
Strategy, led by Michael Saylor, recently sold 1,690 Bitcoin for $108.6 million between August 3 and 9, 2026.
The proceeds from this sale were used to buy back 1,152,020 shares of its STRC preferred stock at an average price of $94.27, retiring a stated value of $115.2 million.
In the same time frame, the company raised $653.1 million in net proceeds by selling 6,585,682 shares of MSTR common stock, with $650 million directed into its USD Reserve.
The filing data shows that Strategy has shifted from aggressive Bitcoin accumulation to cash preservation, as it has not purchased any Bitcoin since early June and its holdings sit at 840,447 BTC (roughly 4.00% of total supply) as of August 9.