Between August 3 and 9, Strategy sold 1,690 BTC for around $108.6 million at an average price of $64,262 per BTC, therefore bringing its overall recent disposals to 3,328 BTC worth over $213 million. While also raising $653.1 million from share sales, the company chose to buy back preferred shares instead of acquire additional Bitcoin. MARA Holdings suffered a major quarterly loss and sold 23,093 BTC for $1.63 billion in the first half of 2026, so reducing its holdings by 34% to 35,577 BTC.
The two companies' reasons vary significantly. Strategy seems to be handling its preferred-stock commitments and capital structure while considering Bitcoin as a movable reserve asset. By contrast, MARA's sales show a more general capital-allocation change meant to lower debt, increase liquidity, and support development into energy and artificial intelligence infrastructure outside of only mining operations.
Though the immediate market effect is marginal, these transactions indicate that even major corporate Bitcoin holders would be ready to sell should funding demands develop. The actions contest the story of continuous treasury accumulation and highlight dangers if several businesses sell at once, therefore maybe pushing Bitcoin values and pricing down.


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