By Isaac • August 10, 2026 3:20 pm •
Strategy has spent years turning itself into the most aggressive corporate buyer of bitcoin in the public markets. Its latest filing shows the other side of that machine: the company is now willing to sell part of its bitcoin reserve when the capital structure calls for it.
The company sold 1,690 bitcoin between August 3 and August 9 for $108.6 million. The average sale price was $64,262 per coin, net of fees and expenses.
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Strategy did not use that money for a routine operating expense. It directed the proceeds into a repurchase of 1,152,020 shares of its variable-rate STRC preferred stock for the same $108.6 million.
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