Key Highlights
- Strategy liquidated 1,690 BTC worth $108.6 million during the week to buy back 1.15 million STRC preferred shares.
- Cash holdings surged to $4.65 billion, sufficient to cover approximately 2.7 years of dividend payments.
- Year-to-date Bitcoin disposals in 2026 have reached 6,948 BTC, with current holdings at 840,447 BTC.
- CEO Phong Le explains that preferred stock investors prioritize cash liquidity over Bitcoin holdings.
- STRC climbed 0.46% to $95.45 during Monday’s premarket session; MSTR advanced 0.25% to $100.26.
In its second consecutive week of cryptocurrency divestment, Strategy disposed of 1,690 BTC during the period spanning August 3 through August 9, generating $108.6 million in proceeds. The funds were immediately deployed to acquire 1.15 million units of the company’s STRC preferred shares.
This transaction represents the fourth publicly announced Bitcoin liquidation by Strategy in 2026. The company has now sold a cumulative 6,948 coins during the current calendar year.
Strategy maintains a portfolio of 840,447 BTC, acquired at a total expenditure of $63.36 billion. This translates to an average acquisition price of $75,385 per Bitcoin.
The most recent sale achieved an average net realization of $64,262 per Bitcoin, indicating the company liquidated its holdings at a price point below its overall cost basis.
During Monday’s premarket session, STRC shares increased 0.46% to reach $95.45. MSTR shares posted a 0.25% gain, trading at $100.26.
Institutional Preference for Cash Over Cryptocurrency
CEO Phong Le revealed his initial expectations that investors would assign significant value to Bitcoin holdings given the asset’s liquidity profile and historical appreciation. However, this premise proved inaccurate for a specific investor segment.
Financial institutions deploying capital into Strategy’s preferred securities on shorter timeframes “value cash more,” Le explained during an appearance on CoinDesk’s Public Keys program.
The company’s US dollar holdings now total $4.65 billion, representing an increase from approximately $4 billion reported the previous week. This reserve provides coverage for roughly 2.7 years of dividend obligations.
From the $653.1 million in net proceeds generated through recent MSTR share sales, $650 million was allocated specifically toward expanding this cash reserve.
Strategy retains $785.2 million in unused capacity under its digital credit securities buyback authorization. An additional $1 billion remains available through its Class A common stock repurchase program.
STRC shares have rallied 24% from their June nadir, reclaiming the $90 threshold on August 3 before continuing their upward trajectory.
Expanding Beyond Bitcoin Holdings
Le is positioning Strategy as something beyond a simple leveraged Bitcoin investment vehicle. “We wanna be the JP Morgan of digital finance,” he stated.
The firm has engineered preferred securities such as STRC designed for investors seeking Bitcoin-correlated returns while minimizing volatility exposure. Le outlined a diverse investor spectrum extending from those pursuing amplified Bitcoin participation to others preferring yields resembling conventional fixed-income instruments.
Strategy’s established software division continues contributing to overall operations. Software revenue expanded 7% on a year-over-year basis, while cloud subscription services surged 54%.
The organization maintains a workforce of approximately 1,500 employees, providing its Bitcoin operations with comprehensive access to legal, financial, engineering, and marketing expertise.
Le noted that Strategy controls roughly 4% of Bitcoin’s maximum supply of 21 million coins. “We now are the bellwether. We now are the central bank of Bitcoin,” he declared.
The preceding week’s transaction involved the sale of 1,638 BTC for $104.73 million during the July 27 to August 2 period, with proceeds similarly directed toward STRC repurchase activities.
STRC concluded Friday’s session at $95, while MSTR finished at $100.01, with both securities registering gains during Monday’s premarket trading.
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