MicroStrategy Sells More Bitcoin to Fix STRC Stock: Will It Work?

MicroStrategy (now Strategy) disclosed another Bitcoin (BTC) sale on Monday, offloading 1,690 BTC for $108.6 million. Every dollar went into buybacks of its STRC preferred stock. The company still holds 840,447 BTC, the largest corporate Bitcoin treasury.

However, it now sells coins below cost to repair a preferred stock that will not hold its intended price. Inside the Latest Strategy Bitcoin Sale The sale ran from August 3 to August 9 at an average price of $64,262 per coin.

Strategy detailed the transaction in a Form 8-K filing with the US Securities and Exchange Commission (SEC). Strategy increased its USD Reserve by $650M and repurchased $109M of $STRC. This increased USD Duration by 143 days to 2.7 yrs and tightened STRC's BTC Credit by 10 bps.

As of 8/9/26, we hold ₿840,447 in our BTC Reserve and $4.65B in our USD Reserve. $MSTR…— Strategy (@Strategy) August 10, 2026 Net proceeds funded the repurchase of 1,152,020 shares of STRC.