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Strategy Bitcoin policy unravelsUpdate 18 of 20

Strategy Sells $334M of Shares — and, for a Change, No Bitcoin

Verified · 18 Aug 2026BitcoinAug 18, 2026

Strategy is abandoning its 'never sell' Bitcoin posture, selling BTC to fund dividends and rebuild cash reserves while its preferred stock, share price, and accumulation model face mounting stress.

Strategy's Monday filing disclosed no bitcoin purchases or sales for the week to August 16 — holdings steady at 840,447 BTC — while it sold about $333.7 million of MSTR shares, paying $52.4 million in STRC dividends, repurchasing $132.2 million of the preferred, and lifting its dollar reserve to $4.8 billion. Separately, MSCI's index consultation showed a simulation deleting Strategy and Metaplanet from the MSCI ACWI IMI, with SharpLink placed on a watchlist.

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