In the latest crypto update, Strategy has sold 1,690 Bitcoin for $108.6 million while strengthening its dollar reserves and maintaining one of the largest corporate BTC treasuries.
Strategy disclosed the sale in a recent filing with the U.S. SEC. The company sold 1,690 BTC between August 3 and August 9 at an average price of $64,262 per Bitcoin. Following the transaction, Strategy continues to hold 840,447 BTC, acquired at an average price of $75,385 per Bitcoin.
Although the latest sale occurred below Strategy’s average acquisition price, the transaction represents only a small portion of its enormous Bitcoin treasury.
Strategy Expands Its Dollar Reserves
Meanwhile, Strategy is using the proceeds to strengthen its balance sheet and improve its financial flexibility.
The company combined the $108.6 million generated from the Bitcoin sale with $653.1 million raised from selling 6.59 million common shares. As a result, Strategy increased its U.S. dollar reserves to $4.65 billion.
In addition, the company used $109 million to repurchase preferred shares. According to the filing, these moves extended the duration of Strategy’s dollar reserves to approximately 2.7 years and improved its credit metrics.
Latest Bitcoin Sale Fuels Strategy Debate
Strategy’s latest Bitcoin sale has renewed debate over whether the company’s approach to BTC is changing. For context, Strategy has built much of its corporate identity around accumulating and holding Bitcoin. Saylor has also consistently promoted BTC as a long-term treasury asset.
However, the latest transaction appears more consistent with capital management than with a broad retreat from Bitcoin. Strategy still holds 840,447 BTC, making the 1,690 BTC sale a relatively small reduction in its overall position.
Moreover, Strategy has sold Bitcoin in the past when it needed to manage liquidity or meet financial requirements. The company can therefore use Bitcoin holdings, equity financing and dollar reserves as complementary tools rather than relying exclusively on one source of capital.
Marathon Digital Also Reduces Its Bitcoin Holdings
Strategy’s latest transaction comes shortly after another major corporate Bitcoin holder disclosed a much larger BTC sale.
Marathon Digital sold 23,093 BTC at an average price of $70,631, according to its latest SEC filing. Despite the sale, the Bitcoin mining company still held 35,577 BTC worth $2.3 billion as of June 30.
Marathon said it used the proceeds to support operations, expansion and liquidity. At the same time, the company is expanding beyond traditional Bitcoin mining by pursuing opportunities in energy and artificial intelligence infrastructure.
For instance, Marathon secured a $600 million loan backed by Bitcoin collateral to support acquisitions and other strategic initiatives, including its Long Ridge project.
Bitcoin Remains Above $65,000
Despite the recent Bitcoin sales by Strategy and Marathon, BTC has remained relatively resilient.
Bitcoin currently trades at $65,024, up 0.21% over the past 24 hours. The cryptocurrency has also gained 3.91% over the past seven days. The limited market reaction suggests that the sales have not generated enough pressure to disrupt Bitcoin’s broader price trend.
More importantly, both companies continue to hold substantial Bitcoin positions after their respective sales. As a result, the latest transactions appear more closely linked to liquidity, financing and capital management than to a widespread institutional retreat from Bitcoin.
Evans Kelvin
