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Saylor’s Strategy Sells More Stock to Repurchase Preferred

Bloomberg Markets Monday 17 August 2026, 13:38 UTC By David Pan 1 min read
Key Points

Cryptocurrencies Saylor’s Strategy Sells More Stock to Repurchase Preferred Michael Saylor continues to run his Bitcoin accumulation flywheel in reverse. Strategy Inc. sold $333.7 million of common stock over the past week to fund the repurchase of preferred shares and a cash reserve rather than making fresh purchases of the cryptocurrency. No Bitcoin was bought or sold in the seven days ended Aug. 16, the company said in a filing Monday.

Cryptocurrencies Saylor’s Strategy Sells More Stock to Repurchase Preferred Michael Saylor continues to run his Bitcoin accumulation flywheel in reverse. Strategy Inc. sold $333.7 million of common stock over the past week to fund the repurchase of preferred shares and a cash reserve rather than making fresh purchases of the cryptocurrency. No Bitcoin was bought or sold in the seven days ended Aug. 16, the company said in a filing Monday. Strategy hasn’t bought any Bitcoin since the middle of June.
Saylor (PERSON) Strategy Sells More Stock (ORG) Michael Saylor (PERSON) Bitcoin (ORG) Strategy Inc. (ORG)
Originally published by Bloomberg Markets Read original →

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