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MicroStrategy offloaded 1,638 BTC for $104.7 million, dropping its stash by 1,600 coins in a week as it funds preferred‑stock dividends and buybacks.
MicroStrategy sold 1,638 Bitcoin between July 27 and August 2 at an average $63,957 per coin, shrinking its treasury to 842,138 BTC – a net loss of about 1,600 coins from its May level and the first week it has sold more than a third of its annual outflow [1].
| At a glance | |
|---|---|
| BTC sold | 1,638 |
| Sale price | $63,957 per BTC |
| New holding | 842,138 BTC |
| Catalyst | Dividend and STRC preferred‑share buyback funding [2] |
The company used the proceeds to cover $52.4 million in quarterly preferred‑stock dividends and to repurchase 912,143 STRC shares for $81.2 million, a move aimed at trimming its $4 billion USD reserve obligations [2][3]. With Bitcoin trading near $63,000, the sale realized a loss of roughly $11,500 per coin against the firm’s average cost basis of $75,419, leaving the remaining stash about $10.9 billion underwater [1][3]. The cash also funded a $290.6 million sale of 3.01 million common shares, of which $250 million bolstered the USD reserve that now sits at $4 billion [2][3].
MicroStrategy’s Bitcoin balance fell from 843,738 on May 26 to 842,138 on August 2, after a brief two‑month net‑buy of just 37 coins [1]. CEO Phong Le and chair Michael Saylor have reiterated a “net‑buyer” stance, yet the company has not added new Bitcoin since June and is now tracking the 200‑week moving average (~$63,770) on its website, signaling a more liquidity‑focused approach [4]. The firm’s preferred‑share program, STRC, carries a 12 % annual payout and is priced at $89.02 per share, offering an 11 % discount to its $100 par value, which the company hopes to close by retiring shares [1].
At the current price of roughly $62,500, MicroStrategy’s Bitcoin holdings are worth about $54 billion, still the largest corporate Bitcoin stash, but the recent sell‑off represents the biggest weekly outflow since the company began its treasury strategy in 2020 [2]. The sale coincided with a broader market dip that has Bitcoin near half its October 2025 record, underscoring the timing risk for large holders [1].
The episode highlights MicroStrategy’s transition from a pure accumulation thesis to active capital management, raising questions about how long the firm will continue to hold its Bitcoin base while balancing dividend obligations and liquidity needs.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 4 outlets · Aug 4, 2026 · How we report
As of the August 2 filing, MicroStrategy holds 842,138 Bitcoin.
The sale was made to cover a $400.7 million quarterly dividend obligation on its preferred shares and to repurchase those shares at a discount.
It now tracks Bitcoin’s 200‑week moving average and the premium of the current price relative to that average.
Since the metric became available, Bitcoin has traded above the 200‑week moving average roughly 92 % of the time, and tests of this level have often coincided with market bottoms.
Saylor said the company expects to remain a net buyer of Bitcoin over time, even though there has been no net buying in the recent ten‑week period.