Strategy turns 1,690 BTC into $108.6M STRC buyback

cointelegraphPublished on 2026-08-10Last updated on 2026-08-10

Abstract

Strategy, the company holding the largest corporate Bitcoin treasury, sold 1,690 BTC for $108.6 million between August 3 and 9, using the proceeds to repurchase 1.15 million shares of its STRC preferred stock. This marks its fourth disclosed Bitcoin sale of 2026, bringing yearly sales to 6,948 BTC. The company continues to hold 840,447 BTC, purchased at an average price of $75,385 per coin, and sold the latest batch at an average of $64,262 per BTC. These Bitcoin sales have become part of a funding engine for repurchasing STRC stock. Strategy also reported a US dollar reserve of $4.65 billion, increased from about $4 billion the prior week, bolstered by proceeds from recent sales of its MSTR common stock. The company has $785.2 million remaining under its preferred stock repurchase program and another $1 billion available for Class A common stock buybacks. Following the buyback activity, STRC shares have rallied, reclaiming the $90 level and trading at $95.45 in premarket activity on the reporting Monday.

Strategy, which holds the largest corporate Bitcoin treasury, sold BTC for the second week in a row to repurchase its STRC preferred stock.

The company sold 1,690 Bitcoin for $108.6 million between Aug. 3 and Aug. 9, according to a Monday 8-K filing with the US Securities and Exchange Commission (SEC).

Strategy used the proceeds to buy back 1.15 million shares of its STRC preferred stock for $108.6 million. STRC is a variable-rate preferred stock designed to pay monthly dividends.

The transaction marked Strategy’s fourth disclosed Bitcoin sale of 2026, bringing its total Bitcoin sales for the year to 6,948 BTC, while the company still holds 840,447 BTC purchased for an aggregate $63.36 billion.

Bitcoin becomes part of the funding engine

Strategy sold the latest batch at an average net price of $64,262 per Bitcoin, while its total holdings carry an average purchase price of $75,385 per BTC, including fees and expenses.

Strategy’s prior disclosed sale involved 1,638 BTC for $104.73 million between July 27 and Aug. 2, when it also used Bitcoin sale proceeds to fund STRC repurchases.

Source: SEC

The latest filing shows that Strategy has $785.2 million remaining under its digital credit securities repurchase program, which covers its preferred stock, while another $1 billion remains available under its Class A common-stock repurchase program.

$4.65 billion reserve cushions preferred dividends

Strategy also continued building its US dollar reserve, reporting a balance of $4.65 billion as of Sunday, up from roughly $4 billion in the previous weekly update.

The company said $650 million of the $653.1 million in net proceeds from recent MSTR stock sales went toward the reserve, while the latest figure also includes expected proceeds from at-the-market (ATM) sales that had not yet settled.

Source: SEC

STRC shares have also rallied during Strategy’s recent buybacks, retaking $90 on Aug. 3 after rebounding 24% from their June lows.

STRC was up 0.46% at $95.45 in premarket trading Monday after closing Friday at $95, while MSTR gained 0.25% to $100.26, according to Yahoo Finance.

Magazine: Strategy became a symbol of the dot-com crash: Could history repeat?

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Related Questions

QHow much Bitcoin did Strategy sell in the week of August 3 to August 9, and for what total amount?

AStrategy sold 1,690 Bitcoin for a total of $108.6 million between August 3 and August 9.

QWhat did Strategy use the proceeds from the recent Bitcoin sale for?

AStrategy used the $108.6 million proceeds to repurchase 1.15 million shares of its STRC preferred stock.

QWhat is the total amount of Bitcoin Strategy has sold in 2026 so far, and how much does it still hold?

AStrategy has sold a total of 6,948 BTC in 2026. The company still holds 840,447 BTC, which were purchased for an aggregate of $63.36 billion.

QWhat is the purpose of Strategy's significant US dollar reserve, and what was its reported balance?

AStrategy's US dollar reserve is used to cushion preferred dividends. As of the latest report, the reserve balance was $4.65 billion.

QHow did the stock prices of STRC and MSTR react around the time of the latest disclosures?

ASTRC shares retook $90 on August 3 and were up 0.46% at $95.45 in premarket trading on Monday following the news. MSTR gained 0.25% to $100.26 in the same premarket session.

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