Strategy sold another 1,690 BTC worth $108.6 million during the trading period from August 3 to August 9, 2026. The sale was executed at an average price of $64,262 per coin, a position that forced them to divest the assets below their portfolio’s average purchase price of $75,385 per BTC. An 8-K filing with the SEC, confirmed by publications Cointelegraph and Decrypt, revealed a single purpose for the transaction: all proceeds from the sale were used to buy back 1.15 million shares of STRC.
This news spread quickly across the community, marked by a viral tweet from the @WatcherGuru account on X that garnered over 2,241 likes. Behind this visible sales figure, however, lies the pressure of routine obligations that continue to pile up on the company.
Dividend Pressure and Dollar Hoards
The repurchased STRC preferred shares feature a variable monthly dividend. It is this instrument that weighs heavily on the company’s cash structure. Strategy’s annual dividend obligation currently stands at $1.76 billion. This financial burden is the reason they pressed the sell button on Bitcoin this year. The early August transaction marks the fourth time the company led by Michael Saylor has sold BTC in 2026, bringing their total sales for the year to 6,948 BTC.
Their operational strategy has clearly shifted from aggressive crypto accumulation to stockpiling pure cash. Records show that Strategy has not added any new Bitcoin to its vaults since June 2026. Instead, the company is focusing on its dollar reserves, which have now surpassed $4.65 billion, up from last week’s position of around $4 billion. This additional liquidity mostly came from the sale of MSTR shares on the stock exchange. At the same time, STRC stock rebounded 24% from its June low, breaking back above the $90 price level on August 3.
Remaining Ammunition of the Corporate Whale
Despite slowing down purchases and regularly releasing its reserves, Strategy’s crypto holdings still dominate the institutional market. They currently hold 840,447 BTC, accumulated with a capital commitment of $63.36 billion. Their financial flexibility in traditional instruments remains broad. The balance sheet shows that $785.2 million remains in the company’s digital securities buyback program, alongside a dedicated $1 billion allocation for a common stock buyback program.
For institutional shareholders, boosting cash reserves and buying back dividend-paying shares are necessary steps to clean up the books. However, for a crypto market that has long viewed this entity as its most consistent buyer, the fact that they are shifting tactics sends a cautionary signal. When the largest whale begins securing dollar positions instead of hoarding coins, the retail market must prepare to navigate without one of its best price cushions. Reported by Cointelegraph.
Also read: What Is Bitcoin Halving?
Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
