Strategy sells 1,690 more BTC to fund STRC and STRC stock buybacks

MicroStrategy owner Strategy has continued reducing its bitcoin exposure, selling another 1,690 BTC for about $108.6 million as part of a broader capital strategy shift. The company said the coins were sold between August 3 and August 9, and that its bitcoin holdings fell to 840,447 BTC, acquired for $63.36 billion at an average cost of $75,385 per BTC ^{[1] [2]}.

Strategy also used the proceeds to repurchase stock. It deployed about $108.6 million from the bitcoin sale to buy back roughly 1.15 million shares of STRC preferred stock, and separately sold about 6.59 million MSTR shares to raise around $653.1 million. Reporting indicates the MSTR-sale proceeds increased Strategy’s U.S. dollar reserve to about $4.65 billion ^{[1] [3]}.

In related coverage, Strategy’s bitcoin liquidation and concurrent stock buyback were framed as liquidity-enhancing moves, with the company’s actions affecting market perceptions around its approach to bitcoin volatility ^[4].

Strategy’s latest disclosures show continued bitcoin sales alongside funded share repurchases and an increase in its stated dollar reserve ^{[1] [3]}.