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Strategy sells $104.7M in bitcoin to boost cash as crypto prices stay low

Market News
03 Aug 2026
Forbes
View Source
Bearish
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Michael Saylor’s company Strategy sold 1,638 bitcoins last week for $104.7 million to increase cash reserves amid low bitcoin prices. The firm still holds over 842,000 bitcoins bought at an average price higher than current market value. Strategy also raised $290.6 million by selling 3 million shares of its stock and now holds $4 billion in cash reserves, up from $3.2 billion last month. This move aims to stabilize finances as bitcoin prices remain below the company’s purchase average and stock prices have fallen over 40% in 2026.

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