Strategy Taps Bitcoin Reserves to Service Preferred Stock as STRC Trades Below Par

In the lastest Bitcoin news today, Strategy (Nasdaq: MSTR), Michael Saylor’s bitcoin treasury company, disclosed the sale of 1,638 BTC for approximately $105 million in an 8-K filing with the SEC. Proceeds are expected to fund dividend payments on Strategy’s preferred stock classes – including STRC, STRK, STRD, STRF, and STRE – and to pay for repurchases of STRC preferred shares. This is not simply a Bitcoin sale. It is a capital structure management exercise, with Strategy running a parallel set of levers – BTC monetization and reserve allocation – to service a preferred-stock stack that carries rising cash obligations. DISCOVER: Best Meme Coins to Buy in 2026 Bitcoin News Today: BTC Sale Mechanics, Price, and the Six-Week Accumulation Pause Strategy liquidated the 1,638 BTC at an average of roughly $64,000 per coin, a price that sits materially below the firm’s all-in average acquisition cost of $75,419. Despite offloading a portion of its reserves and now sitting on a $10.9 billion paper loss, Strategy remains one of the largest corporate holders of Bitcoin globally, and the $105 million sale represents a small fraction of its total portfolio. Strategy increased its USD Reserve ...