Strategy Sells 1,690 BTC, Lifts USD Reserve to $4.65B

TL;DR

• Strategy sold 1,690 BTC for about $108.6 million at an average price of $64,262, while raising $653.1 million through MSTR share sales.
• The company directed $650 million into its U.S. dollar reserve, lifting the balance to $4.65 billion, while bitcoin holdings fell to roughly 840,000 BTC.
• Strategy’s updated capital framework allows bitcoin sales to fund reserves, dividends, interest and repurchases, separating corporate treasury policy from Michael Saylor’s “never sell” position.

Strategy sold 1,690 BTC last week for about $108.6 million, a move that stands out after years of building its identity around aggressive bitcoin accumulation. The coins were sold between Aug. 3 and Aug. 9 at an average price of $64,262, while the company simultaneously raised $653.1 million through sales of 6.59 million MSTR shares. The striking shift is that Strategy is now using bitcoin itself as a source of corporate liquidity, showing how its treasury model has evolved beyond simple accumulation as market conditions and capital needs change for shareholders watching the pivot unfold.

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