17th August 2026 – (New York) Strategy Inc., under the leadership of executive chairman Michael Saylor, is continuing its significant move away from the relentless bitcoin buying that once defined its identity on Wall Street. Over the past week, the company raised US$333.7 million through sales of common stock, directing the proceeds towards the repurchase of preferred shares and boosting its dollar reserves. According to the latest company filing, no bitcoin was bought or sold in the week ending 16th August, marking seven straight weeks without new cryptocurrency acquisitions.
This change in direction, first signalled by Saylor in late June, reflects a growing emphasis on capital management rather than persistent bitcoin accumulation. In the past five weeks alone, the firm has sold approximately US$2.1 billion of common stock while buying back about US$347 million in STRC preferred shares. Furthermore, Strategy has sold US$213.3 million worth of its bitcoin holdings across that period, building its cash reserves to US$4.8 billion. Some of the funds have been allocated to servicing preferred share interest payments, with dividend coverage now extended to 2.8 years.
Strategy presently holds over 840,000 bitcoin at an average cost of US$75,385 per coin, giving the company one of the world’s largest corporate holdings, valued at approximately US$58 billion. Despite these sizeable reserves, the recent pause in bitcoin buying has drawn attention from market watchers, particularly as Saylor’s signature Sunday social media updates—typically signalling further purchases—have ceased entirely.
These developments demonstrate a notable break from Saylor’s earlier “never sell” mantra, as stock sales and prudent capital allocation take precedence. The share price, meanwhile, has edged up by about three per cent to US$95.78 in early trading, though the stock remains down by nearly seventy-three per cent over the past twelve months. Technical indicators show MSTR trading between US$90 and US$105 for six weeks, with resistance and support repeatedly tested, and momentum remaining subdued.