MicroStrategy Sells Bitcoin Below Cost to Fund STRC Share Buybacks

Key Facts

In a strategic shift raising questions over treasury management, MicroStrategy has sold a portion of its Bitcoin holdings below its original acquisition cost for the second time. According to reports, the company liquidated approximately 1,690 BTC for $108.6 million, specifically earmarking these proceeds to fund buybacks of STRC shares rather than simply bolstering general cash reserves.

Data clarifies that the company prioritized supporting STRC equity value through buybacks over maintaining immediate digital asset exposure, even while realizing a loss on the Bitcoin sale. Despite this liquidation, MicroStrategy continues to hold a massive reserve of 840,447 BTC at an aggregate cost of $63.36 billion, maintaining its position as the world's largest corporate Bitcoin holder representing 4% of global supply per market data.

Investors are monitoring MSTR shares, which have faced persistent technical resistance at the $105 level amid these recent treasury adjustments. Looking ahead, the U.S. JOLTs Job Openings report on August 4, 2026, remains a critical macro catalyst that could dictate sentiment for digital assets and crypto-linked equities.