Strategy Sells 1,690 BTC, USD Reserve Climbs to $4.65 Billion

What happened: Strategy Inc. (MSTR), led by Michael Saylor, disclosed the sale of 1,690 BTC (worth approximately $108.6 million) during the week ending August 9, 2026. The company’s total bitcoin holdings now stand at 840,447 BTC—about 4% of the 21 million BTC supply cap, valued near $55 billion. Strategy also raised $653 million through share sales, boosting its USD reserve to $4.65 billion. Proceeds funded preferred-stock dividends and a buyback of over 1.1 million STRC shares at a discount. This marks the fourth BTC sale by Strategy in 2026, with Saylor framing the moves as capital management rather than a strategic reversal.

Why it matters: Strategy’s ongoing sales challenge the company’s historic “never sell” stance and highlight the need for liquidity and capital flexibility, even among bitcoin’s most prominent corporate holders. While the company’s BTC position remains massive, critics note that recent sales have occurred below Strategy’s average cost basis of $75,419, raising questions about the long-term sustainability of its treasury approach. The sizable USD reserve provides a buffer, but market observers remain divided on whether these moves signal a shift in Saylor’s philosophy or simply prudent financial management.

Source: The Block