Strategy sells MSTR shares, skips Bitcoin purchase

Strategy, the largest corporate Bitcoin holder, sold approximately $333.7 million of its MSTR common stock during the week of August 10-16, 2026, but made no Bitcoin purchases or sales, keeping its holdings unchanged at 840,447 BTC. The proceeds were allocated to fund $52.4 million in dividends on its STRC preferred stock, $132.2 million for repurchases of STRC under its Digital Credit Securities Repurchase Program, and $149.1 million added to its U.S. dollar reserve, which reached $4.8 billion. This marks a shift from the company's historical pattern of using equity issuance proceeds to acquire more Bitcoin, reflecting its expanded capital framework that prioritizes preferred-stock obligations and liquidity. The company's Bitcoin holdings, acquired at an average price of $75,385 per coin, are now worth approximately $53.4 billion at current prices, representing about $10 billion in unrealized losses. Additionally, MSCI is considering a methodology that could remove Strategy and other Bitcoin treasury companies from its global indexes, adding potential index-related selling pressure. Executive Chairman Michael J. Saylor also skipped his customary weekend Bitcoin tracker post, which had previously signaled upcoming acquisitions.