Strategy's Bitcoin Reserve Hits $4.79 Billion as Saylor Keeps Selling BTC
Nov 8, 2026
Strategy's latest filing shows a $4.79 billion dollar reserve, funded in part by small, steady Bitcoin sales used to cover preferred dividends and buybacks.
Saylor's Playbook Keeps Evolving
Strategy, the company led by Michael Saylor that turned "buy Bitcoin" into a corporate strategy, just gave investors a fresh look at its balance sheet. A recent filing shows the company's dollar reserve sitting at roughly $4.79 billion, alongside a separate cash cushion of more than $130 million.
Why Sell BTC At All?
It might seem odd for the poster child of corporate Bitcoin accumulation to sell any at all. But Strategy has been doing exactly that in small, steady slices throughout 2026, using the proceeds to cover dividends on its preferred shares and to fund stock buybacks. Think of it less as "selling the thesis" and more as managing cash flow around a massive, mostly untouched BTC position.
The Bigger Picture
Strategy still holds hundreds of thousands of bitcoins. These periodic, relatively small sales are the cost of running a leveraged, dividend-paying Bitcoin treasury company, not a sign that Saylor's conviction is wavering.