Story perspectives

Strategy Inc. Sells 1,638 BTC, Boosts $4 B Reserve

8/4/2026

Summary

Saylor Sells Bitcoin

Strategy Inc., led by Michael Saylor, sold 1,638 Bitcoin for $104.7 million between July 27 and August 2, 2026.
The firm raised $290.6 million by issuing 3.01 million MSTR shares and used $395 million to build a $4 billion reserve.
Bitcoin holdings fell to 842,138 coins worth $52.7 billion, creating a $10.8 billion unrealized loss.
Saylor said the “BTC liquidity plan” allows sales up to $1.25 billion, with the goal to resume Bitcoin buying when STRC reaches its $100 par value.

Summary

Saylor Denies Sale

Strategy announced a Bitcoin sale on March 24, 2025.
Michael Saylor affirmed that none of his personally held Bitcoin has been sold, keeping his wallet separate from the company’s treasury.
He reminded investors that Strategy’s capital-management policy, disclosed since 2020, allows Bitcoin purchases and sales, and said the modest sale was driven by routine tax or operational considerations, not a change in conviction.

History

Historical Context

In February 2021 Tesla, under CEO Elon Musk, invested $1.5 billion in Bitcoin and began accepting it for vehicle purchases in March. The decision followed Tesla’s rise to the world’s most valuable automaker in July 2020 and its S&P 500 debut in December 2020, which helped lift its market cap by $5 billion by April 2021. It spurred peers like MicroStrategy and attracted SEC scrutiny of crypto-disclosure rules.

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Saylor Sells Bitcoin

Strategy Inc., led by Michael Saylor, sold 1,638 Bitcoin for $104.7 million between July 27 and August 2, 2026.
The firm raised $290.6 million by issuing 3.01 million MSTR shares and used $395 million to build a $4 billion reserve.
Bitcoin holdings fell to 842,138 coins worth $52.7 billion, creating a $10.8 billion unrealized loss.
Saylor said the “BTC liquidity plan” allows sales up to $1.25 billion, with the goal to resume Bitcoin buying when STRC reaches its $100 par value.

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