{"id":24426,"date":"2026-08-04T04:49:47","date_gmt":"2026-08-04T04:49:47","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2026\/08\/04\/michael-saylors-strategy-sells-1638-bitcoin-as-cash-reserve-plan-expands-nft-plazas-michael-saylors-strategy-sells-1638-bitcoin-as-cash-reserve-plan-expands\/"},"modified":"2026-08-04T04:49:47","modified_gmt":"2026-08-04T04:49:47","slug":"michael-saylors-strategy-sells-1638-bitcoin-as-cash-reserve-plan-expands-nft-plazas-michael-saylors-strategy-sells-1638-bitcoin-as-cash-reserve-plan-expands","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2026\/08\/04\/michael-saylors-strategy-sells-1638-bitcoin-as-cash-reserve-plan-expands-nft-plazas-michael-saylors-strategy-sells-1638-bitcoin-as-cash-reserve-plan-expands\/","title":{"rendered":"Michael Saylor\u2019s Strategy Sells 1,638 Bitcoin as Cash Reserve Plan Expands &#8211; NFT Plazas Michael Saylor\u2019s Strategy Sells 1,638 Bitcoin as Cash Reserve Plan Expands"},"content":{"rendered":"<p><\/p>\n<div>\n<p><a href=\"https:\/\/nftplazas.com\/strategy-bitcoin-buying-pause-35-days-saylor-btc-seller\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Strategy Inc.<\/span><\/a><span style=\"font-weight: 400;\">, the Bitcoin treasury company tied to Michael Saylor, sold <\/span><b>1,638 BTC<\/b><span style=\"font-weight: 400;\"> in the week from July 27 to August 2, 2026, according to an 8-K filing submitted to the SEC on August 3. The transaction generated approximately $104.73 million, as the company began using Bitcoin to fund preferred stock dividends and buy back STRC under its new capital management program.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">After years of committing to a BTC accumulation strategy, this new move shows Strategy is expanding how it uses Bitcoin within its capital structure. BTC remains the core reserve asset, but the company now also has a mechanism to sell a portion of its holdings to support liquidity, preferred stock dividends, and buyback programs when needed.<\/span><\/p>\n<div id=\"attachment_98601\" style=\"width: 1510px\" class=\"wp-caption alignnone\"><noscript><\/noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-98601\" class=\"lazyload size-full wp-image-98601\" src=\"https:\/\/nftplazas.com\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-03-at-23.02.18.png\" alt=\"Form 8-K filing\" width=\"1500\" height=\"930\"\/><\/p>\n<p id=\"caption-attachment-98601\" class=\"wp-caption-text\">Form 8-K filing. Source: SEC<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Strategy_Sells_BTC_to_Fund_Dividends_and_STRC_Buybacks\"\/><b>Strategy Sells BTC to Fund Dividends and STRC Buybacks<\/b><span class=\"ez-toc-section-end\"\/><\/h2>\n<p><span style=\"font-weight: 400;\">According to the <\/span><a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1050446\/000119312526329565\/mstr-20260803.htm\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\"><span style=\"font-weight: 400;\">SEC filing<\/span><\/a><span style=\"font-weight: 400;\">, Strategy sold 1,638 BTC for total net proceeds of $104.73 million. Of this amount, $52.4 million was used to pay preferred stock dividends, and $52.3 million was used to repurchase STRC Stock under the Digital Credit Securities Repurchase Program.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">During the same period, Strategy bought back 912,143 STRC shares for a total purchase price of $81.2 million. STRC is the company\u2019s Variable Rate Series A Perpetual Stretch Preferred Stock, part of the \u201cDigital Credit\u201d group issued by Strategy alongside MSTR common stock. Repurchasing STRC at a price below its $100 par value helps the company reduce future dividend obligations at a discount.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This BTC sale is part of the BTC Monetization Program announced by Strategy in late June, which allows the company to use a portion of its Bitcoin holdings to fund dividends, interest expenses, or securities repurchase programs when management deems it more suitable than other capital-raising options.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"USD_Reserve_Expands_Under_New_Capital_Framework\"\/><b>USD Reserve Expands Under New Capital Framework<\/b><span class=\"ez-toc-section-end\"\/><\/h2>\n<p><span style=\"font-weight: 400;\">Strategy\u2019s USD Reserve increased to <\/span><b>$4.0 billion<\/b><span style=\"font-weight: 400;\"> as of August 2, including expected proceeds from unsettled ATM transactions. This figure is higher than the $3.75 billion announced by the company in its Q2 earnings report on July 30.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the week from July 27 to August 2, Strategy also sold 3,011,361 MSTR shares through its at-the-market program, raising net proceeds of $290.6 million. The company allocated $250 million from this amount to increase the USD Reserve, $28.9 million to support STRC buybacks, and $11.7 million into its cash balance.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Strategy\u2019s new framework places the USD Reserve at the center of its capital model. Under the policy announced on June 29, this reserve is used to support preferred stock dividends and interest expenses. The company aims to maintain a minimum reserve equivalent to 12 months of current dividend and interest obligations; any drop below that threshold requires board approval.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With this mechanism, Strategy is creating an additional cash buffer for its capital structure tied to Bitcoin and preferred stock. This is particularly important as the ability to pay regular dividends is a key factor for the company\u2019s Digital Credit securities group.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bitcoin_Holdings_Remain_Massive_Despite_the_Sale\"\/><b>Bitcoin Holdings Remain Massive Despite the Sale<\/b><span class=\"ez-toc-section-end\"\/><\/h2>\n<p><span style=\"font-weight: 400;\">Following the latest sale, Strategy still holds <\/span><b>842,138 BTC<\/b><span style=\"font-weight: 400;\">. The total purchase price of this Bitcoin position is $63.51 billion, equivalent to an average purchase price of $75,419 per BTC, inclusive of fees and related expenses.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The sale of 1,638 BTC accounts for only about 0.19% of Strategy\u2019s total Bitcoin holdings. Therefore, in terms of scale, this transaction does not significantly alter the company\u2019s Bitcoin treasury position. The notable takeaway lies in Strategy officially incorporating BTC sales into its capital management toolkit, rather than relying solely on issuing common stock or preferred stock to raise cash.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Q2 financial context also highlighted balance sheet pressures for Strategy. The company reported a net loss of $8.22 billion in Q2 2026, equivalent to a diluted loss of $24.45 per share. The loss stemmed primarily from $8.32 billion in unrealized losses on digital assets as Bitcoin prices declined. Q2 revenue reached $122.4 million, up 6.9% year-over-year.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bitcoin_Trades_Near_63800_as_Weekly_Momentum_Weakens\"\/><b>Bitcoin Trades Near $63,800 as Weekly Momentum Weakens<\/b><span class=\"ez-toc-section-end\"\/><\/h2>\n<p><span style=\"font-weight: 400;\">Bitcoin is currently trading around <\/span><b>$63,800<\/b><span style=\"font-weight: 400;\">, down about 1.9% over the past 7 days. According to CoinGecko, BTC\u2019s market capitalization stands at around $1.279 trillion, 24-hour trading volume reached approximately $23.50 billion, circulating supply is 20.065 million BTC, and total tracked Bitcoin treasury holdings stand at 1,903,654 BTC.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">BTC price is fluctuating in the range of roughly $62,216\u2013$66,920 on TradingView\u2019s 4-hour chart. After a sharp drop in late July, Bitcoin recovered to the $63,700\u2013$63,800 zone but has yet to reclaim the $65,000 mark.<\/span><\/p>\n<div id=\"attachment_98602\" style=\"width: 2352px\" class=\"wp-caption alignnone\"><noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-98602\" class=\"size-full wp-image-98602\" src=\"https:\/\/nftplazas.com\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-03-at-23.07.31.jpg\" alt=\"BTC Price Chart (4H)\" width=\"2342\" height=\"1424\"\/><\/noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-98602\" class=\"lazyload size-full wp-image-98602\" src=\"https:\/\/nftplazas.com\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-03-at-23.07.31.jpg\" alt=\"BTC Price Chart (4H)\" width=\"2342\" height=\"1424\"\/><\/p>\n<p id=\"caption-attachment-98602\" class=\"wp-caption-text\">BTC Price Chart (4H). Source: TradingView<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">Strategy selling BTC during a period of price weakness could add short-term psychological pressure, even though the sale volume is not large compared to broader market liquidity. However, the market reaction will likely depend more on whether investors view this as a one-off transaction or a sign that Strategy will continue using BTC as a liquidity source in upcoming periods.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Investors_Should_Watch_Next\"\/><b>What Investors Should Watch Next<\/b><span class=\"ez-toc-section-end\"\/><\/h2>\n<p><span style=\"font-weight: 400;\">What the market needs to monitor is whether Strategy continues selling BTC in upcoming periods. The BTC Monetization Program allows the company to sell Bitcoin to add up to an additional $1.25 billion to the USD Reserve, while also funding dividends, interest expenses, or securities buyback programs if appropriate. If BTC sales continue to appear in upcoming filings, the market may view this as a sign that BTC sales are becoming a more regular tool in the company\u2019s capital management strategy.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Strategy management previously stated that the goal is to bring STRC to trade near the $99\u2013$100 range over time. While STRC remains below par, the company has an incentive to buy back shares as it reduces future dividend obligations at a cost below face value.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Investors will also monitor the gap between Bitcoin\u2019s market price and Strategy\u2019s average purchase price. With an average purchase price of around $75,419 per BTC, BTC is still trading below the company\u2019s cost basis, causing price volatility to continue having a major impact on accounting profits. Therefore, Strategy\u2019s subsequent filings will be closely watched to see whether this sale is an isolated transaction or the beginning of a pattern of using BTC more frequently within its capital structure.<\/span><\/p>\n<\/div>\n<p><a href=\"https:\/\/nftplazas.com\/strategy-sells-1638-bitcoin-cash-reserve-plan\/\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Strategy Inc., the Bitcoin treasury company tied to Michael Saylor, sold 1,638 BTC in the week from July 27 to August 2, 2026, according to an 8-K filing submitted to the SEC on August 3. The transaction generated approximately $104.73 million, as the company began using Bitcoin to fund preferred stock dividends and buy back [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":24427,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[16],"tags":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/nftplazas.com\/wp-content\/uploads\/2026\/08\/0308.jpg","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/24426"}],"collection":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=24426"}],"version-history":[{"count":0,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/24426\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/24427"}],"wp:attachment":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=24426"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=24426"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=24426"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}