Strategy sold 1,638 Bitcoin for roughly $105 million between July 1 and August 2, 2026, at an average price of $63,957 per BTC, according to an SEC filing. The sale wasn't announced on social media — Michael Saylor's tweet didn't mention it — but the company did disclose it in a regulatory filing. The move is part of Strategy's Digital Credit Capital Framework, and the proceeds helped push its USD reserve up by $250 million to a total of $4.0 billion.
Why sell now?
The company says it's building a cash buffer to cover preferred-stock dividends and debt interest. The idea: avoid being forced to sell Bitcoin during a market downturn. That's a lesson many crypto lenders learned the hard way in 2022. Strategy still holds 842,138 BTC as of August 2, so this isn't a pivot away from Bitcoin — it's a liquidity play.
Preferred stock buyback tightens credit
Alongside the Bitcoin sale, Strategy repurchased about $81 million of its Variable Rate Series A Perpetual Stretch Preferred Stock (ticker: STRC). The buyback had an immediate effect: STRC's credit spread tightened by 5 basis points. The company's USD Duration also increased by 57 days to 2.3 years, meaning its cash position is now less sensitive to short-term rate moves.
What the filing shows
The SEC filing is the only public record of the sale. Saylor's Twitter feed, usually the first place Strategy announces Bitcoin moves, stayed quiet on this one. That's a shift — the company has historically telegraphed its buys and sells through the CEO's account. Whether that changes going forward is unclear.
Strategy now has a $4.0 billion war chest. The company says it will use that cash primarily for preferred dividends and debt service. The next preferred-stock dividend payment is due in September. If Bitcoin prices stay where they are, Strategy may not need to sell more BTC soon — but the filing makes clear the framework allows for more sales if the cash buffer needs topping up.
