Strategy Just Stopped Bitcoin News: Is the Market’s Biggest Corporate Bid Gone for Good?

In the latest Bitcoin news, Strategy held its bitcoin position flat at 840,447 BTC through the week ended Aug. 16, according to a Form 8-K the company filed with the , while its dollar reserve climbed to $4.8 billion.

The larger question isn’t whether Strategy still owns bitcoin, it does, at an average cost of $75,385 per coin, it’s whether the market can absorb weakness without the recurring corporate bid that shaped price action for years.

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Strategy made no bitcoin purchases or sales between Aug. 10 and Aug. 16, the filing confirmed. That silence follows a stretch in which the company sold 1,690 BTC for $108.6 million the prior week, redirecting proceeds toward its preferred-stock obligations rather than adding to its core position.

Instead of buying bitcoin, Strategy sold 3,458,866 MSTR shares through its at-the-market program for $333.7 million in net proceeds.

It put $149.1 million of that into its USD reserve, spent $132.2 million repurchasing 1,388,720 shares of its STRC preferred stock, and used $52.4 million to fund preferred dividends. Michael Saylor, Strategy’s executive chairman, framed the moves in an as extending the company’s financial runway rather than expanding its bitcoin exposure.