Strategy turns 1,690 BTC into $108.6M STRC buyback
Strategy sold 1,690 Bitcoin to repurchase STRC shares as its US dollar reserve rose to $4.65 billion and its Bitcoin holdings fell to 840,447 BTC.
Strategy, the company with the world's largest corporate Bitcoin treasury, recently sold 1,690 BTC to repurchase $108.6 million worth of its STRC preferred stock. This transaction, disclosed in a 8-K filing with the US Securities and Exchange Commission, marks the company's fourth sale of Bitcoin in 2026. The sale, completed between August 3 and August 9, brought the company's total Bitcoin sales for the year to 6,948 BTC.
Despite this significant reduction in Bitcoin holdings, Strategy still owns 840,447 BTC, which were purchased for a total of $63.36 billion. The latest sale was executed at an average net price of $64,262 per Bitcoin, a substantial discount to the company's average purchase price of $75,385 per BTC. Following this transaction, the company reported a US dollar reserve balance of $4.65 billion, up from $4 billion in the previous week.
Strategy has allocated $785.2 million under its digital credit securities repurchase program and $1 billion under its Class A common-stock repurchase program.
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