Strategy sold 1,690 Bitcoin. The cash went to defend its preferred shares.
The bitcoin treasury trade is no longer just accumulation. Strategy is now selling coins to support the structure around it.
CryptoVibe Desk · strategy · bitcoin · mstr
- →Strategy sold 1,690 BTC between Aug. 3 and Aug. 9 for $108.6 million, multiple outlets reported.
- →The proceeds went toward buying back STRC preferred shares, while MSTR stock sales added $650 million to cash reserves.
- →The next weekly filing should show whether this was a one-off sale or the new operating rhythm.
- Preferred shares → Preferred shares are company shares that usually pay set dividends before common shareholders get paid.
- Share repurchase → A share repurchase is when a company buys back its own stock from the market.
Strategy sold 1,690 BTC last week.
The sale brought in $108.6 million between Aug. 3 and Aug. 9, per CoinDesk. Strategy is no longer only a bitcoin buyer with stock attached. It is now selling bitcoin to manage the preferred-share machine around the bitcoin.
The average sale price was $64,262. Strategy used the proceeds to repurchase 1,152,020 STRC preferred shares, according to the report.
The company also raised $653.1 million through MSTR common-stock sales, per the same report. It directed $650 million to its USD reserve. That reserve stood at $4.65 billion as of Aug. 9.
Strategy still held 840,447 BTC as of Aug. 9. Its aggregate purchase cost was $63.36 billion, with an average purchase price of $75,385. The tape matches the story: the bitcoin pile is huge, but the cash stack is now a live part of the model.
If your bag tracks Strategy as a pure bitcoin bet, this is the shift to watch. The company can still own a giant amount of BTC. But every BTC sale makes the structure look less like simple accumulation and more like balance-sheet maintenance.
The number to watch is the reserve. If it keeps growing while BTC holdings keep falling, Strategy's story has officially changed.
Strategy's choice to sell bitcoin to buy STRC was a clear signal that protecting the preferred-share stack now outranks pure accumulation.
By the next weekly 8-K, watch whether Strategy sells more BTC or keeps holdings at 840,447 BTC while adding to the $4.65 billion reserve.
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