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. Strategy seems to be handling its preferred-stock commitments and capital structure while considering Bitcoin as a movable reserve asset. 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.