Strategy sells 1,638 Bitcoin to finance dividends and buybacks

Strategy sells 1,638 Bitcoin for a total of $104.7 million to cover two financial obligations: dividends on preference shares and the buyback of its own STRC shares. Despite the sale, the company remains one of the largest institutional holders in the world with 842,138 Bitcoin.

Bitcoin is available at OKX and Bybit.

In brief:

• Strategy sells 1,638 BTC between 27 July and 2 August for an average of $63.957 per coin.
• The proceeds of more than $104 million go half to dividends on preference shares and half to the buyback of STRC shares.
• Strategy holds 842,138 Bitcoin, purchased at an average of $75.419 per coin.

Sale serves two purposes at once

Between 27 July and 2 August, Strategy sells 1,638 Bitcoin for a total of $104.73 million, at an average sale price of $63.957 per Bitcoin. Of the proceeds, $52.4 million goes to dividend payments on preference shares. The remaining $52.3 million is used by the company for the buyback of STRC shares through the so-called Digital Credit Securities Repurchase Program.

The current Bitcoin price stands at $63.800, which means Strategy managed to sell the coins at slightly above the current market price. The fact that the proceeds are split almost evenly between the two objectives shows that the company regards both obligations as equally urgent. The sale can be consulted in the official Form 8-K document that Strategy files with the US securities regulator on 3 August 2026.

Dollar reserve grows to $4 billion

In addition to the Bitcoin sale, Strategy also raises fresh capital through the sale of MSTR shares. This brings the company $290.6 million. A portion of that, $81.2 million, goes directly to the buyback of STRC shares. At the same time, Strategy announces that it has increased its dollar reserve to $4 billion.

Due to the recent sale, Strategy’s total Bitcoin inventory stands at 842,138 BTC. That portfolio was purchased for a total of $63.51 billion, which works out to an average purchase price of $75.419 per Bitcoin. Since the current market price is well below that, the company is still at a paper loss on its total position. Nevertheless, Strategy continues to hold on to its strategy of using Bitcoin as its primary reserve asset, even though coins are occasionally sold to meet ongoing financial obligations. Earlier, we reported on how Bitcoin users massively move BTC after the Coldcard hack, which shows how sensitive the market is to movements around large Bitcoin positions.