Strategy Sells 1,690 Bitcoin and Raises $653 Million
Strategy also used part of the proceeds to buy back STRC and build its USD reserve to $4.65 billion, keeping its Bitcoin, shares, and cash strategy in motion.
Key Takeaways
- Strategy sold 1,690 Bitcoin last week and also raised $653.1 million from the sale of 6.59 million common shares.
- With that money, the company bought back 1,152,020 STRC shares for $108.6 million and set aside $650 million for its USD reserve.
- Its Bitcoin holdings fell to 840,447 BTC, and the USD reserve stood at $4.65 billion as of August 9.
Strategy sold 1,690 Bitcoin last week and brought in another $653.1 million (€566 million) from the sale of 6.59 million common shares, according to a Monday filing. The company then used part of the Bitcoin sale proceeds to repurchase 1,152,020 shares of its variable-rate preferred stock, STRC, for $108.6 million (€94.1 million).
Treasury Shifts Capital Around
After the sale, Strategy's Bitcoin stack dropped to 840,447 BTC. The company said those coins were acquired for a total of $63.36 billion (€54.9 billion), at an average cost of $75,385 (€65,400) per Bitcoin. The 1,690 Bitcoin it sold fetched an average price of $64,262 (€55,700) after fees and expenses.
From the stock sale proceeds, Strategy also parked $650 million (€564 million) in its USD reserve. That pushed the reserve to $4.65 billion (€4 billion) as of August 9. The remaining $3.1 million (€2.7 million) was added to the company's cash balance.
Capital Structure Still Takes Center Stage
The latest moves show how Strategy continues to juggle its balance sheet across several funding sources. Over the past few years, the company has built its Bitcoin position with a mix of convertible debt, stock sales, and preferred shares, with STRC serving as the main piece in that setup.
Based on the latest context around the company, Strategy held about 818,000 BTC in early August, equal to roughly 3.9 percent of Bitcoin's total supply. That underscores how large a role the company now plays in the crypto market, especially as it appears to be adding more flexibility to its treasury strategy through buybacks and a larger USD reserve.
Why This Matters
For European crypto readers, the key point is that Strategy is not just sitting on Bitcoin. It is actively moving between BTC, shares, and cash. That makes the company a useful barometer for how large public companies can manage a crypto treasury in a volatile market. MSTR and STRC were both up 0.5 percent in premarket trading on Monday, while Bitcoin was trading around $65,000 (€56,400). That fits the broader picture of a market where Bitcoin is still stuck around $65,000, despite political delays in Washington and ongoing institutional demand.
