TLDR
- Strategy CEO Phong Le said the company plans to resume Bitcoin purchases later in 2026.
- Strategy holds 840,447 BTC acquired for $63.36 billion at an average price of $75,385.
- MSTR sold 1,690 BTC for $108.6 million between August 3 and August 9 to fund STRC buybacks.
- Strategy has bought about 175,000 BTC and sold roughly 7,000 BTC since the start of 2026.
- Strategy increased its US dollar reserve to $4.65 billion, providing about 2.7 years of dividend coverage.
Strategy CEO Phong Le said the company plans to resume Bitcoin purchases later this year after recently selling part of its holdings to support its preferred stock strategy and cash reserves.
Le said Strategy has bought about 175,000 BTC since the start of 2026 while selling roughly 7,000 BTC. He said the company’s Bitcoin purchases were about 25 times larger than its sales during the period.
Strategy Plans to Resume Bitcoin Purchases
Strategy recently sold 1,690 BTC for about $108.6 million between August 3 and August 9. The company sold the coins at an average price of $64,262, with the proceeds directed toward repurchasing STRC preferred shares.
The company also sold 6.59 million MSTR shares for about $653.1 million. About $650 million of those proceeds went toward increasing Strategy’s US dollar reserve to $4.65 billion, based on the supplied figures.
Strategy now holds 840,447 BTC, acquired for about $63.36 billion at an average purchase price of $75,385 per Bitcoin. Le said the recent sales do not represent a shift away from the company’s Bitcoin accumulation strategy.
“Strategy plans to return to buying more Bitcoin throughout the course of the year,” Le said, while explaining the company’s approach to managing its capital needs.
Phong Le Calls Strategy a “Central Bank of Bitcoin”
Le also described Strategy as the “central bank of Bitcoin,” a term linked to the company’s large Bitcoin holdings and its approach to raising and managing capital.
Strategy’s Bitcoin holdings represent more than 4% of Bitcoin’s capped supply of 21 million coins. The company has become one of the largest corporate holders of Bitcoin, while its balance sheet remains closely tied to the performance of the cryptocurrency.
Le said Strategy’s broader goal extends beyond holding Bitcoin. He has described the company as building a financial platform around its Bitcoin-backed capital structure, with plans to support other businesses developing products around its offerings.
The company has also presented STRC as part of that strategy. Le said STRC is designed to connect Bitcoin with decentralized finance, digital capital and digital money while providing a source of capital for Strategy.
$4.65 Billion Reserve Supports STRC Strategy
Strategy’s US dollar reserve has reached $4.65 billion, according to Le, who said the reserve provides about 2.7 years of preferred dividend coverage. He also said the reserve and its duration are now at record levels.
The company has used part of its recent capital activity to build the reserve while supporting STRC. Le said the approach forms part of Strategy’s “Digital Credit Capital Framework,” which combines Bitcoin holdings, preferred stock and cash reserves.
The recent Bitcoin sale therefore came alongside broader capital management rather than a complete halt to accumulation. Strategy’s stated plan remains to resume Bitcoin purchases later in 2026 while maintaining enough liquidity to meet preferred stock obligations and other corporate needs.