Strategy stock slides after $108M sale

Michael Saylor's Strategy (Nasdaq: MSTR) slipped 0.46% to $99.20 astatine Monday's unfastened aft disclosing it sold different $108.6 cardinal worthy of Bitcoin.

Strategy sold 1,690 Bitcoin (BTC) betwixt Aug. 3 and Aug. 9 astatine an mean terms of $64,262, according to an Aug. 10 filing with the US Securities and Exchange Commission.

The proceeds were utilized to repurchase 1.15 cardinal shares of its STRC preferred banal for $108.6 million.

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The merchantability comes little than 2 weeks aft Strategy reported a hard 2nd quarter. The institution posted an $8.22 cardinal nett loss, mostly driven by an $8.32 cardinal unrealized nonaccomplishment connected its Bitcoin holdings, portion gross stood astatine $122.4 million.

It is besides not the archetypal clip Strategy has tapped its Bitcoin holdings for liquidity.

The institution has progressively shifted from relentless accumulation toward progressive superior absorption arsenic Bitcoin trades good beneath its October 2025 all-time high.

Strategy sells Bitcoin for 2nd consecutive week

Strategy shares person struggled to regain sustained momentum since its second-quarter results, contempt closing Aug. 7 astatine $100.01, up 3.26% connected the session.

The banal remains acold beneath its 52-week precocious of $414.36.

The latest Bitcoin disposal follows the merchantability of 1,638 BTC for $104.7 cardinal betwixt July 27 and Aug. 2 astatine an mean terms of $63,957, making this the 2nd consecutive week Strategy has sold Bitcoin.

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Strategy antecedently sold 3,588 BTC for astir $216 cardinal betwixt June 29 and July 5 and 32 BTC for astir $2.5 cardinal betwixt May 26 and May 31.

Saylor addressed disapproval of the income connected Aug. 3, distinguishing his idiosyncratic holdings from Strategy's firm treasury.

"When I accidental 'Never Sell Your Bitcoin,' I talk arsenic 1 saver to another. I person ne'er sold mine. Not 1 satoshi."

Following the latest transaction, Strategy held 840,447 BTC acquired for $63.36 cardinal astatine an mean terms of $75,385 per coin.

Strategy's STRC preferred banal closed Aug. 7 astatine $95.01, up 1.16%, portion MSTR finished astatine $100.01, gaining 3.26%. Bitcoin was trading astir $64,843 astatine the clip of writing, down astir 26% year-to-date and astir 49% beneath its $126,080 grounds precocious reached successful October 2025.

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This communicative was primitively published by TheStreet connected Aug 10, 2026, wherever it archetypal appeared successful the MARKETS section. Add TheStreet arsenic a Preferred Source by clicking here.