MicroStrategy Sells Bitcoin for First Time Since 2020 in Strategic Shift

Key Facts

In a move that shifts its long-standing corporate treasury strategy, MicroStrategy has sold a portion of its Bitcoin holdings for the first time since 2020. According to reports, the company liquidated approximately 1,690 Bitcoin units for $108.6 million. This transaction was specifically executed to cover shareholder obligations and fund the buyback of 1.15 million shares of its STRC preferred stock.

This sale marks the fourth consecutive week the company has acted as a net seller, challenging the 'never sell' narrative previously associated with its institutional Bitcoin strategy. Per market data, MSTR stock stood at $93.04 at close on August 14, 2026, having traded within a range of $91.67 to $95.08 during that session.

Traders are now watching for potential shifts in institutional sentiment toward digital assets, although the sale volume remains small relative to the company's total treasury. Following the close at $93.04 on August 14, 2026, the market will look for stability in MSTR price levels as the company rebalances its capital structure through the preferred stock buyback.