Strategy dumped 1,638 Bitcoin in early August. The sale, worth roughly $104.7 million, funded dividend payments and share buybacks. Saylor's personal "never sell" mantra now looks more complicated.
The company liquidated the coins between July 27 and August 2 at an average price of $63,957 per Bitcoin. Half the proceeds, $52.4 million, went to preferred stockholders. Another $52.3 million funded share repurchases under Strategy's Digital Credit Securities program. The transaction carved out just 0.19% of the firm's Bitcoin stash, leaving it with 842,138 coins valued at roughly $63.51 billion.
Saylor pushed back hard when critics flagged the contradiction. On X he clarified that his personal Bitcoin pledge has nothing to do with Strategy's corporate finances. "I have never sold mine. Not one satoshi," he wrote. "Strategy is a public company, not my wallet." The distinction matters. Strategy disclosed back in 2021 that it could buy or sell Bitcoin as part of normal capital management. A June approval for the BTC Monetization Program explicitly authorized Bitcoin sales for reserves, dividends, interest, and buybacks.
Corporate treasury gets messy
The sale reveals how Strategy's balance sheet has grown beyond a simple Bitcoin vault. As a public company with preferred shareholders and buyback programs, it now faces pressures that Saylor's personal holdings don't. The firm also raised $290.6 million by selling 3.01 million MSTR shares, lifting its cash reserves to around $4 billion.
Bitcoin remains Strategy's core asset. The company still holds more coins than most nations and shows no sign of abandoning the strategy that made it famous. But the line between Saylor's personal crusade and Strategy's corporate obligations has never been sharper.
This article is for informational purposes only and does not constitute financial advice. Cryptocurrency markets are volatile and carry substantial risk.
