Overview
- An Aug. 10 SEC filing shows Strategy sold 1,690 BTC between August 3 and August 9 for $108.6 million and used the proceeds to repurchase about 1.15 million STRC preferred shares.
- Strategy raised roughly $653 million from at‑the‑market common share sales and allocated about $650 million to a designated U.S. dollar reserve that now totals $4.65 billion.
- The company now holds 840,447 BTC acquired at an average cost near $75,400 per coin, which implies an estimated unrealized loss of about $10 billion at current prices.
- In late June Strategy formalized a Digital Credit Capital Framework that allows conditional Bitcoin monetization of up to $1.25 billion to fund dividends, buybacks and reserve replenishment.
- Management frames recent sales as tactical tests to support STRC and liquidity needs, but investors face realized losses from selling below cost and dilution risks from equity issuance while watching whether future sales stay controlled.