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02

Sold below cost basis

The bitcoin went for roughly $63,957 per coin, below the company's $75,419 average cost basis across its full 842,138 BTC holdings.

crypto
03

Where the money went

Proceeds funded the repurchase of 912,143 shares of Strategy's STRC preferred stock for $81.2 million and added about $250 million to cash reserves.

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04

Not the first sale this summer

Strategy sold roughly $216 million in bitcoin in early July 2026 too, at the time called its largest single sale on record.

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05

Saylor draws a line

Michael Saylor said on X that he personally has never sold, not one satoshi, distinguishing his own holdings from the company's treasury decisions.

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06

What it means for MSTR

Investors treating MSTR as a pure bitcoin proxy now need to track Strategy's preferred-dividend obligations, which can trigger sales independent of its bitcoin thesis.

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