Cryptocurrency billionaire Michael Saylor's Strategy (formerly MicroStrategy) raised $104.7 million by selling 1,638 bitcoin last week, according to a Securities and Exchange Commission filing on Monday. The sale boosts the firm's cash reserves as the price of bitcoin fluctuates.
The company, which has been accumulating bitcoin since 2020, now holds approximately 226,500 bitcoin, valued at over $15 billion at current prices. Strategy's aggressive bitcoin acquisition strategy has made it the largest corporate holder of the cryptocurrency.
The sale comes as bitcoin trades around $67,000, down from its all-time high of over $73,000 in March. Strategy's stock price has been volatile, reflecting its heavy exposure to bitcoin.
Analysts note that Strategy's bitcoin purchases have been funded through a combination of cash flow, debt issuance, and equity sales. The recent sale of 1,638 bitcoin is part of the company's ongoing treasury management strategy.
Neither Saylor nor Strategy immediately responded to requests for comment. The filing did not specify the exact dates of the sales, but they occurred during the week ending August 2, 2026.
