Michael Saylor’s Strategy Lifts USD Reserve to $4 Billion After BTC Sale

Highlights:

• Michael Saylor’s Strategy sold 1,638 BTC, leaving 842,138 BTC in its treasury.
• MSTR share sales raised $290.6 million and lifted the dollar reserve to $4 billion.
• Strategy repurchased 912,143 STRC shares for $81.2 million and maintained its 12% annual dividend.

Strategy sold 1,638 Bitcoin last week, converting roughly $104.7 million of its treasury into cash. The sale lowered holdings to 842,138 BTC, according to the company’s Monday filing. The firm executed the transaction between July 27 and August 2, receiving an average of $63,957 for each coin.

Michael Saylor’s Strategy Uses Bitcoin Sales for Capital Needs

The latest transaction marks the company’s third Bitcoin sale during 2026. Strategy directed $52.4 million toward preferred stock distributions. Meanwhile, it allocated another $52.3 million toward repurchases of STRC preferred shares.

After the transaction, Strategy reported a remaining Bitcoin cost basis of $63.51 billion. The company paid an average of $75,419 for its current holdings. At recent market prices, that position carried a value near $52.6 billion. Therefore, the treasury showed roughly $10.9 billion in unrealized losses.

However, Michael Saylor’s Strategy still controls about 4% of Bitcoin’s fixed 21 million supply. Strategy also kept its broader capital plan active during the week. The company used several funding channels instead of relying only on Bitcoin sales.

Strategy increased its USD Reserve by $250M and repurchased $81M of $STRC. This increased USD Duration by 57 days to 2.3 years and tightened STRC’s BTC Credit by 5 bps. As of 8/2/26, we hold ₿842,138 in our BTC Reserve and $4.0B in our USD Reserve. $MSTR https://t.co/t7bGZJ8Q3o

— Michael Saylor (@saylor) August 3, 2026

Common Stock Sales Lift Strategy’s Cash Reserve

Strategy also sold 3,011,361 MSTR shares and raised about $290.6 million. The company placed $250 million into its U.S. dollar reserve. As a result, that reserve reached $4 billion by August 2. Strategy also assigned $28.9 million toward further STRC repurchases.

The company kept another $11.7 million as cash after those allocations. Moreover, Strategy reported $22.7 billion of remaining MSTR issuance capacity under the program. It issued no preferred shares during the reporting period. The firm instead leaned on common equity and selected Bitcoin sales.

Michael Saylor’s Strategy repurchased 912,143 STRC shares for about $81.2 million during the week. Meanwhile, the company maintained STRC’s annual dividend rate at 12%. The firm also declared two semi-monthly STRC dividends worth $0.50 per share. Investors will receive the payments on August 31 and September 15. 

Furthermore, management said it would not recommend a dividend reduction yet. The company wants STRC to trade consistently near its stated $100 value first.

Quarterly Loss Reflects Bitcoin Price Decline

Meanwhile, Michael Saylor’s Strategy reported an $8.2 billion second-quarter loss on Thursday. That result marked a sharp reversal from $10 billion in profit one year earlier. The latest loss came mainly from unrealized declines across the company’s Bitcoin holdings. 

Strategy had increased its treasury by 11% during the quarter. Its holdings reached a peak near 846,000 BTC before later sales reduced the balance. Bitcoin also finished the quarter more than 40% below its year-earlier level. Therefore, accounting losses outweighed the expansion in the company’s coin count.

In another related development, blockchain analytics platform Lookonchain tracked a Strategy-linked wallet moving 299.8 BTC on Sunday. The transfer echoed activity analysts observed before the previous sale announcement. 

Is Michael Saylor's @Strategy selling $BTC again?

A wallet linked to #Strategy moved 299.84 $BTC($18.91M) 9 hours ago.

The last time they moved $BTC was between July 1 and July 5.

During that week, #Strategy sold 3,588 $BTC($216M).https://t.co/zUhknOVByV pic.twitter.com/boOpmkPX25

— Lookonchain (@lookonchain) August 3, 2026

MSTR shares closed on Friday at $93.28 after slipping 0.1% during the week. The stock is currently down by 0.60% in Monday premarket trading, according to data from Google Finance. Meanwhile, Bitcoin is trading around $62,660, down by 0.70% over the last 24 hours. A recent report from Crypto2Community suggests Bitcoin could retest the $58K region should the current trend hold further.