Saylor’s Strategy Sells Over $100 Million in Bitcoin

Strategy pivots from Bitcoin buying to capital restructuring

Strategy sold 1,638 BTC (~$104.7M) in Jul-Aug 2026 to restructure capital ($1.5B debt buyback, preferred dividends), ending six years of pure accumulation. The shift from single-strategy holder to multi-claim entity removes a major market buyer and redefines corporate Bitcoin risk for the largest holder globally.