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Strategy sells Bitcoin after $8.2B loss, ending its long accumulation streak amid financial pressures.

Market News
13 Aug 2026
Crypto news
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Bearish
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Strategy, formerly MicroStrategy, has sold Bitcoin for four consecutive weeks, marking a shift from its long-standing accumulation strategy. The company reported an $8.2 billion paper loss due to Bitcoin's price decline and sold $218 million in Bitcoin to cover preferred stock dividends, breaking its previous commitment to hold Bitcoin permanently. These sales are driven by financial obligations from convertible notes and preferred stock dividends that the company's software revenue cannot cover. ETF inflows have absorbed these sales, preventing a price crash, but the shift raises questions about the sustainability of corporate Bitcoin treasury strategies and the impact on Bitcoin's market demand. Investors will watch future filings to see if Strategy resumes buying or continues selling, which will influence the stock's premium and market perception.

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