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Strategy Sold 1,690 BTC for $108.6M to Fund Preferred Share Buybacks
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CoinEx News: Strategy sold 1,690 bitcoin between August 3 and August 9, 2026, for a total of $108.6 million at an average price of $64,262 per coin, according to its Form 8-K filing with the U.S. Securities and Exchange Commission on August 10. The company used all net proceeds to repurchase 1,152,020 shares of its STRC preferred stock. As of August 9, Strategy held 840,447 bitcoin acquired at an average cost of $75,385. In the same period it also sold about 6.59 million shares of common stock for $653.1 million, lifting its U.S. dollar reserve to $4.65 billion.

The transaction is the second consecutive weekly bitcoin sale by the largest corporate holder. It forms part of the firm’s stated Digital Credit Capital Framework for managing preferred-stock obligations and cash reserves rather than a pure accumulation strategy.

Source: CoinEx

Disclaimer: The current content is provided for reference only and does not constitute any investment advice from CoinEx. The prices of cryptocurrencies are highly volatile, please be aware of the potential risks.

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