Michael Saylor's Strategy Sells Another 1,638 BTC for $105 Million, Reducing Total Holdings to 842,138 BTC
- On Monday, an SEC filing revealed that cryptocurrency billionaire Michael Saylor's Strategy sold 1,638 BTC last week at an average price of $63,957, aiming to build cash reserves.
- Strategy concurrently boosted its USD reserve by $250 million to reach $4 billion while repurchasing 912,143 shares of preferred stock STRC for $81.2 million and generating $290.6 million via common stock sales.
- Despite recent sales, the company still holds 842,138 BTC acquired at an average price of $75,419, while the digital asset trades just under $63,000 and MSTR shares remain down over 40% in 2026.
- The company announced over the weekend that it will maintain STRC's annual dividend rate at 12%, stating it does not intend to recommend a reduction until shares trade consistently near their stated $100 value.
- Michael Saylor, whose net worth is estimated at $3.2 billion, reoriented his company into a bitcoin treasury in 2025 after rebuilding his wealth through bitcoin investments over the last decade.
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Strategy Sells 1,638 Bitcoin Below Its Cost Basis to Fund Dividends and STRC Buybacks
Strategy sold 1,638 BTC for $104.7 million in the week to August 2, reducing its holdings to 842,138 BTC, according to a Form 8-K filed Monday. The coins went at an average net price of $63,957, about $11,462 below the $75,419 average the company paid to build the position. About $52.4 million of the sale funded dividends on Strategy’s preferred stock and $52.3 million went toward repurchasing STRC, its variable-rate perpetual preferred. The com…
Michael Saylor Defends Strategy's Sale of 1,638 BTC Worth $105M to Fund Dividends Amid Coldcard Hack
Michael Saylor's Strategy sold 1,638 Bitcoins worth nearly $105 million between 27th July and 2nd August at an average selling price of $63,957 per token. Around $52.4 million of the proceeds were used to cover dividend payments on preferred stock, and another $52.3 million to repurchase the variable-rate preferred share STRC, which carries a 12% annual payout. Strategy also raised over $290 million via the sale of 3.01 million Strategy shares, …
Strategy Sells Bitcoin, Bitmine Expands Ethereum Holdings
Bitcoin traded near $64,000 on Tuesday morning, gaining 1.5 percent during the day. Bitcoin ETFs recorded $170 million in inflows from Monday’s trading session, providing a strong start to August. Bitcoin Giant Strategy Adjusts Holdings and Cash Strategy Strategy, the world’s largest Bitcoin-focused company, sold part of its holdings to strengthen cash reserves and support its preferred shares. According to a mandatory disclosure, the company so…
Michael Saylor's Strategy Sold Another $105 Million In Bitcoin. It Boosted Its Cash Reserve And Bought Back STRC Shares
Strategy continued adjusting its capital structure last week by selling more Bitcoin, raising nearly $291 million through common stock sales and repurchasing STRC preferred shares while keeping its dividend rate unchanged.
Michael Saylor’s Strategy Resumes Bitcoin Sales, Hawking $105,000,000 Worth of BTC
The Bitcoin treasury firm Strategy (MSTR) sold 1,638 BTC worth $105 million in the past week, continuing a trend started earlier this summer. The sale was preceded by a three-week period during which the firm didn’t buy or sell any Bitcoin, and a two-week period before that when it sold a total of 3,588 BTC […] The post Michael Saylor’s Strategy Resumes Bitcoin Sales, Hawking $105,000,000 Worth of BTC appeared first on The Daily Hodl.
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