Strategy just dumped another 1,638 Bitcoin for roughly $104.7 million, marking the third time the company has reduced its BTC holdings in 2026. At current Bitcoin prices near $63,800, that entire stack is roughly $10 billion underwater compared to what the company paid. The company that once bought Bitcoin with every available dollar is now using its Bitcoin to stay solvent. Almost all of that came from an $8.32 billion unrealized loss on its Bitcoin holdings under fair-value accounting rules. Strategy sold 32 BTC in late May, 3,588 BTC in late June and early July, and 1,638 BTC in late July and early August.