# Strategy sells 1,690 Bitcoin, total 2026 sales top 5,200 BTC

**Published:** 2026-08-12T02:45:41.084Z  
**Topic:** Bitcoin  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/e934d20f-83c6-43ae-b88e-a0c54bafbb9a

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

1. 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】.  

2. **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 |  

3. ## Recent sale and its immediate purpose  
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.  

## Cumulative off‑load in 2026  
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】.  

4. **Tokenomics snapshot**  
| Metric | Value |  
|---|---|  
| Bitcoin holdings | 840,447 BTC |  
| Average purchase price | $75,419 per BTC |  
| Current BTC price (approx.) | $63,800 |  

5. ## What to watch  
- Bitcoin price at $65,000 and $70,000: crossing these levels could prompt further sales or a pause in off‑loading.  
- Preferred‑stock (STRC) price relative to $100 par: sustained discounts may encourage additional buybacks.  
- Cash reserve duration: the latest filing extended coverage of dividend and interest obligations to early 2029; any shortening could trigger more Bitcoin sales.  

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.

## Sources
1. Bitcoin Magazine — [Strategy Sells Bitcoin Again For Cash Buffer, STRC Buyback](https://bitcoinmagazine.com/news/strategy-sells-more-bitcoin-for-cash-pile)
2. Memeburn — [Strategy Sells 1,638 Bitcoin at a Loss While Saylor Insists He's Never Sold His Own](https://memeburn.com/strategy-sells-1638-bitcoin-at-a-loss/)
3. Decrypt — [Why Strategy Is Selling Bitcoin and How Much It Has Sold So Far](https://decrypt.co/375312/why-strategy-selling-bitcoin-how-much)

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Cite as: TrendWatcher, "Strategy sells 1,690 Bitcoin, total 2026 sales top 5,200 BTC", https://www.trendwatcher.in/article/e934d20f-83c6-43ae-b88e-a0c54bafbb9a