# Strategy Sold 1,690 Bitcoin Below Its Average Cost to Fund a Preferred-Share Buyback

The company raised $108.6 million at an average of $64,262 per coin, roughly $11,000 below what it paid on average, and is holding $4.75 billion in cash after learning that bitcoin reserves do not substitute for dollars in investors' eyes.

- Published: 2026-08-11T05:53:59.872Z
- Canonical: https://polylog.news/crypto/2026-08-11/strategy-sold-1-690-bitcoin-below-its-average-cost-to-fund-a
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [CoinDesk](https://www.coindesk.com/coindesk-news/2026/08/10/strategy-builds-usd4-75-billion-cash-cushion-as-only-bitcoin-isn-t-enough-for-investors), [CryptoSlate](https://cryptoslate.com/strategy-has-785-million-left-to-close-strcs-final-5-gap-after-selling-213-million-in-bitcoin/), [Bitcoin Magazine](https://bitcoinmagazine.com/news/strategy-sells-more-bitcoin-for-cash-pile), [Polylog editors](https://polylog.news)

Strategy, the software company turned bitcoin holding vehicle, sold 1,690 bitcoin for $108.6 million at an average price of $64,262 between August 3 and August 9, using the proceeds to buy back its STRC preferred shares. The company now hol…

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