Strategy Sells More Bitcoin to Fund STRC Buybacks

Strategy Inc., the company behind the MSTR ticker, continues to sell its Bitcoin holdings to fund the repurchase of its STRC preferred stock units. The latest sale saw 1,690 BTC worth $108.6 million sold at an average net price of $64,262 per coin, below Strategy's overall cost basis.

This is the fourth publicly announced Bitcoin divestiture for Strategy in 2026, bringing the total sales to 6,948 coins. The company maintains a substantial position of 840,447 BTC, acquired at an average cost of $75,385 per coin.

Strategy's cash reserve has swelled to $4.65 billion, sufficient to cover approximately 2.7 years worth of dividend obligations. Chief Executive Phong Le attributes the company's preference for dollar liquidity over cryptocurrency holdings to its investor base, which prioritizes cash liquidity.