Strategy, the Nasdaq-listed bitcoin treasury company, has paused its bitcoin purchases once again — just one week after resuming buying following a 10-week hiatus.

Rather than adding to its bitcoin holdings, the company continued repurchasing its own securities. According to a Tuesday regulatory filing and an announcement from founder and chairman Michael Saylor, Strategy repurchased $176 million of STRC and doubled the size of its digital credit securities repurchase program from $1 billion to $2 billion.

Strategy has repurchased $176M of $STRC and increased the size of its Digital Credit Securities Repurchase Program from $1.0B to $2.0B. As of 9/7/26, we hold 845,050 $BTC and $6.5B of USD Assets. $MSTR
— Michael Saylor (@saylor) September 8, 2026 (X post)

As of September 7, 2026, the company still holds 845,050 bitcoins — worth over $66 billion at current prices — along with $6.5 billion in dollar reserves. Tuesday's filing indicated the bitcoins were acquired at an average price of $63.73 billion.

Strategy shares (NASDAQ: MSTR) were trading more than 3% lower Tuesday morning in New York. Because the company's holdings dwarf those of other corporate bitcoin treasuries, its weekly purchase disclosures have become a closely watched signal for the broader market, and the renewed pause comes at a time when corporate bitcoin accumulation strategies are drawing heightened scrutiny.

The company first paused its bitcoin purchases in June, focusing instead on building a cash buffer, buying back its stock and, at times, selling portions of its holdings.

Strategy has defended those bitcoin sales. CEO Phong Le said the moves gave the company a "bullet-proof balance sheet" and that selling when it did was the "right trade at the time."

In its July quarterly earnings, Strategy posted an $8.22 billion loss, but Le reassured investors that the firm's current paper loss was nothing to worry about.

"We're the J.P. Morgan of the crypto economy, so whether we sell 1,000 Bitcoin out of 840,000 to me is irrelevant to the conversation," Le said.

Strategy — formerly MicroStrategy — is an enterprise software company that pivoted to buying and holding bitcoin in 2020, initially acquiring the cryptocurrency to protect shareholders from inflation. Since then, it has aggressively accumulated the asset and transformed into a bitcoin treasury company.

Investors can now buy its shares for heightened exposure to the cryptocurrency, or earn a yield through its digital credit products. The expanded repurchase program suggests the company's near-term capital is being directed toward those credit instruments rather than additional bitcoin — a shift investors can track through the company's weekly regulatory filings.

This article was first published by Bitcoin Magazine and written by Mathew Di Salvo.