Strategy Inc. (NASDAQ:MSTR) sold 1,690 Bitcoin (CRYPTO: BTC) for $108.6 million last week and raised another $653 million from share sales, pushing its USD reserve to $4.65 billion.
What Strategy Actually Did Last Week
Strategy filed an 8-K with the SEC Monday, confirming it sold 1,690 BTC at an average of $64,262 per coin between August 3 and August 9.
The proceeds funded the repurchase of 1,152,020 STRC preferred shares for $108.6 million.
Alongside the Bitcoin sale, Strategy sold 6,585,682 MSTR shares for $653.1 million, directing $650 million to its USD reserve and adding the remaining $3.1 million to cash.
Total Bitcoin holdings now stand at 840,447 BTC worth roughly $54.7 billion, acquired at an average of $75,385 per coin against a current price well below that.
What The Pattern of the Past Eight Weeks Shows
| Week | Bitcoin Activity | Capital Activity |
| Jun 23–29 | None | Sold ~$1.2B stock; launched Digital Credit Framework |
| Jun 30–Jul 5 | Sold 3,588 BTC (~$216M) | — |
| Jul 6–12 | None | Sold $466.7M shares; reserve → $3.0B |
| Jul 13–19 | None | Sold $263.5M shares; reserve → $3.23B |
| Jul 20–26 | None | Bought back $25M STRC |
| Jul 27–Aug 2 | Sold 1,638 BTC (~$105M) | Sold $290.6M shares; reserve → $4B |
| Aug 3–9 | Sold 1,690 BTC (~$108.6M) | Sold $653.1M shares; reserve → $4.65B |
What Saylor’s Sunday Post Signaled
Saylor posted his weekly Bitcoin tracker chart to X on Sunday with the caption “Doing ₿usiness.”
His Sunday posts have historically preceded Bitcoin purchase announcements, but have grown more cryptic in recent weeks as the company shifts from accumulating Bitcoin to managing its preferred stock obligations.
MSTR Price Analysis: Key Support and Resistance Levels
MSTR trades at $100.01 Monday, having rejected the $105 resistance level for the third time on August 7, matching prior rejections on July 8 and July 21.
RSI sits at 50.37, right at the neutral line, recovering but not yet showing the momentum needed to crack that ceiling.
Key levels for MSTR:
- $105 — three-touch resistance, the only level that matters
- $136 — target on a confirmed daily close above $105
- $92 — range floor below
Image: Shutterstock
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