Strategy reported selling 1,690 BTC (≈$109M) on Aug. 10, trimming holdings to 840,449 BTC, while CEO Phong Le said the firm now holds $4.75B in cash reserves and is pivoting toward a broader "digital credit" business model, including preferred stock products like STRC.
Matters because: this signals Strategy is diversifying away from pure BTC accumulation, which may reduce its marginal buying pressure on BTC going forward.