Strategy sells $105M Bitcoin, boosts $4B cash reserve, STRC recovers

Strategy sold 1,638 BTC for $105 million on Aug 3, 2026, raising its cash reserve to $4 billion and using the proceeds to repurchase $81.2 million of its high‑yield STRC preferred shares, a move that nudges the stock toward its $100 parity target [2].

Bitcoin sale and cash reserve boost

The $105 million sale trimmed Strategy’s Bitcoin holdings to 842,138 BTC, down from 847,363 BTC, and lifted the company’s USD reserve by $250 million to a total of $4 billion [2]. The cash infusion supports the firm’s preferred‑stock dividend obligations and debt‑interest payments, which have grown as its capital structure becomes more complex. The sale came after a brief pause in Bitcoin purchases that included a modest 32‑coin sale in late May, signaling that the company can flexibly manage its Bitcoin treasury without abandoning its long‑term bet on the asset.

STRC preferred shares edge toward $100 target

With $81.2 million spent to buy back 912,143 STRC shares, the preferred’s market price is inching closer to the $100 parity level that the board has pledged to maintain as long as the shares trade near that value [2]. The dividend rate remains at 12% annually, and the company has publicly said it will not consider a reduction until the price consistently hovers around $100. The repurchase also helps fund the preferred’s dividend payouts, tying the cash reserve directly to shareholder returns.

Market reaction and price context

Strategy’s common stock opened 1.9% lower in pre‑market trading, reflecting a broader dip in Bitcoin to $62,500, a 1.21% decline from the previous day’s $64,662 price [2]. The modest sell‑off suggests that investors are weighing the immediate cash boost against the longer‑term implications of a shrinking Bitcoin balance and a higher cash cushion. The $4 billion reserve now exceeds the company’s total preferred‑stock issuance of $2 billion, providing a sizable buffer for future dividend or debt‑service needs.

What to watch

• BTC price staying above $60,000 could limit further Bitcoin sales and keep the cash reserve stable.
• STRC share price approaching or breaching $100 would trigger the board’s stated dividend‑reduction clause.
• Upcoming SEC filings on preferred‑stock issuance or any new convertible‑note repurchases that could alter the cash‑reserve ratio.

The $105 million Bitcoin sale underscores Strategy’s ability to mobilize its crypto treasury for liquidity, while the $81 million STRC buyback signals a continued commitment to maintaining the preferred’s $100 target. How the market balances these dual moves—cash strength versus Bitcoin exposure—will shape the firm’s capital strategy in the coming months.