Strategy, the company formerly known as MicroStrategy that transformed itself into a publicly traded bitcoin vault, is preparing to buy again.
CEO Phong Le confirmed on August 10 that the firm intends to resume its bitcoin purchases before the end of 2026, following a brief stretch of net selling that unsettled some investors.
Despite the sales, the company has bought roughly 25 times more BTC than it has sold this year.
What happened to the stack
Strategy’s holdings currently sit at approximately 840,447 BTC, down from over 846,000 BTC earlier in 2026.
Le characterized the sales as tactical moves designed to enhance the firm’s capital structure.
In practical terms, the company needed cash to shore up its balance sheet and normalize the value of its STRC preferred stock product, which had drifted from where management wanted it.
The playbook is straightforward: rebuild USD reserves first, get STRC trading where it should be, then resume the bitcoin buying program.
The accumulation machine
Strategy has followed this path since 2020, when it first adopted bitcoin as its primary treasury asset under executive chairman Michael Saylor’s guidance.
