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Strategy sold 1,690 Bitcoin for $108.6 million, bringing its holdings to 840,447 BTC; total 2026 sales exceed 5,200 BTC, fueling cash reserves and
Strategy announced on Monday that it sold 1,690 Bitcoin for $108.6 million, using the proceeds to fund a $109 million preferred‑stock buyback and boost its cash buffer to $4.65 billion【1】.
At a glance
| At a glance | |
|---|---|
| BTC sold (latest) | 1,690 BTC ($108.6 M) |
| Holdings after sale | 840,447 BTC |
| Total 2026 sales | 5,258 BTC (~$323 M) |
| Cash reserve post‑sale | $4.65 billion |
The 1,690‑coin sale reduced Strategy’s Bitcoin stash from 842,138 to 840,447 BTC and generated cash that was immediately directed to repurchasing 1,152,020 STRC preferred shares at an average $89.02 per share—about an 11 % discount to the $100 par value【2】. The company also earmarked $52.4 million for dividend payments on those preferred shares, effectively using Bitcoin to service its capital‑structure obligations rather than to fund new acquisitions.
According to a filing covering July‑August 2026, the company has sold three batches this year: 32 BTC in late May, 3,588 BTC in late June/early July, and 1,638 BTC in late July, totaling 5,258 BTC for roughly $323 million【2】. All three sales occurred at prices well below Strategy’s average cost basis of $75,419 per Bitcoin, leaving the remaining 842,138 BTC—acquired for about $63.5 billion—approximately $10 billion underwater at current market levels near $63,800【2】.
Tokenomics snapshot
| Metric | Value |
|---|---|
| Bitcoin holdings | 840,447 BTC |
| Average purchase price | $75,419 per BTC |
| Current BTC price (approx.) | $63,800 |
The pattern shows Strategy shifting from a pure “buy‑and‑hold” stance to using Bitcoin as a liquidity source amid a prolonged bear market, while still maintaining a long‑term conviction in the asset. Whether this approach will preserve shareholder value depends on Bitcoin’s price trajectory and the company’s ability to meet its cash‑flow needs without further eroding its crypto holdings.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 3 outlets · Aug 12, 2026 · How we report
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