Michael Saylor’s Strategy has sold 6,948 $BTC in 2026, raising $431.8 million as part of its $BTC monetization program.
Saylor first announced in May that Strategy would soon start selling its $BTC. Then in late June, the company revealed it would sell its accrued $BTC as part of a monetization program to raise $1.25 billion for its USD reserve.
The money would be spent on preferred stock dividends, digital credit securities or Class A common stock.
Strategy’s K-8 filings reveal that its first sale of 32 $BTC took place in late May. This sale made the firm $2.5 million while $BTC was worth $77,135 at the time.
The company then sold:
- 1,363 $BTC between June 29 and June 30
- 2,225 $BTC between July 1 and July 5
- 1,638 $BTC between July 27 and August 2
- 1,690 $BTC between August 3 and August 9
This most recent sale is reflected in Strategy’s latest filing.
These sales netted the firm $80.8 million, $135.2 million, $104.73 million, and $108.6 million, respectively. The price of $BTC has fallen 13% since the selling began.
Before June 21, Strategy was mostly buying $BTC, building up 163,554 $BTC in 2026. These purchases cost the firm over $12.7 billion.
Strategy’s first $BTC purchase was in August 2020, when it spent $250 million buying 21,454 $BTC.
As of August 9, the company now holds 840,447 $BTC, currently worth $53.82 billion.
It paid $63.36 billion for all this $BTC, which means that it is down -$9.5 billion on its $BTC investments.
Even with its $4.65 billion USD reserve included with its $BTC horde, that’s still $4.9 billion less than it bought all the $BTC for.
Strategy’s $BTC sale sends Polymarket into disarray
Saylor’s pivot to offloading $BTC was controversial among followers who believed him when he said he wouldn’t be selling.
Strategy had only ever sold $BTC once back in 2022, before buying significantly more $BTC two days later.
In February 2025, when $BTC was above $84,000, Saylor famously said, “Sell a kidney if you must, but keep the $BTC.”
The price of the asset has since fallen 24% to $64,042, while his advice was ultimately abandoned by his firm.
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