Strategy Sells 1,638 Bitcoin, Boosts Cash Reserves to $4.0 Billion

Strategy Inc. announced in its latest SEC Form 8-K filing that it sold 1,638 Bitcoin for aggregate proceeds of $104.73 million (average sale price of $63,957 per BTC) during the week of July 27 to August 2, 2026. The company used $52.4 million of those proceeds to fund preferred stock dividends and $52.3 million to support additional repurchases of its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC).

Over the same period Strategy continued its at-the-market (ATM) offering program, generating $290.6 million in net proceeds. This included the sale of 3,011,361 shares of Class A common stock (MSTR). Of the MSTR proceeds, $250.0 million was allocated to increase the company’s USD Reserve, $28.9 million funded further STRC buybacks, and $11.7 million was added to the general cash balance.

Under the $1 billion Digital Credit Securities Repurchase Program, Strategy repurchased 912,143 shares of STRC for an aggregate purchase price of $81.2 million. No shares of STRF, STRK, STRD or MSTR were repurchased. Approximately $893.8 million remains available under the preferred-stock repurchase authorization.

These actions lifted Strategy’s USD cash reserves (the “USD Reserve”) to $4.0 billion as of August 2, 2026. The higher cash position strengthens the company’s ability to cover dividends on its preferred securities—including STRC—for an extended period even under stressed Bitcoin-price scenarios. Bitcoin holdings declined to 842,138 BTC (average purchase price $75,419; aggregate cost basis $63.51 billion).

By combining selective Bitcoin sales with ongoing equity issuance and targeted STRC repurchases, Strategy continues to prioritize capital-structure flexibility and dividend sustainability. The STRC buybacks, executed at prices management views as accretive, reduce future preferred dividend obligations without depleting the core Bitcoin treasury.

The company also announced that the dividend rate on STRC will be 12.00% per annum for semi-monthly periods beginning on or after August 16, 2026, and declared the corresponding cash dividends of $0.50 per share payable on August 31 and September 15, 2026.

Michael Saylor’s Strategy is once again demonstrating disciplined capital management: opportunistically monetizing a small portion of its Bitcoin holdings, raising common equity, and buying back preferred shares while steadily expanding its cash buffer. The resulting $4.0 billion reserve further extends the company’s financial runway and reinforces investor confidence in the long-term durability of its digital-credit securities.