Strategy expects to resume Bitcoin purchases before the end of 2026, following several weeks of sales that reduced the company's holdings to 840,447 BTC. The company, formerly known as MicroStrategy, remains the largest publicly traded corporate holder of Bitcoin, making its accumulation and selling activity a closely watched signal across digital-asset markets. CEO Phong Le said the company still intends to grow its Bitcoin reserve as it simultaneously strengthens its cash position.

Across its two most recent reporting periods, Strategy sold a total of 3,328 BTC for approximately $213.3 million. The company's US dollar reserve has climbed to $4.65 billion.

Strategy Eyes Return to BTC Accumulation

Le said the company anticipates increasing its Bitcoin holdings again before the close of 2026. The plan follows a series of sales that trimmed Strategy's long-held Bitcoin reserve, an unusual step for a company that had been in near-continuous accumulation mode since it began purchasing Bitcoin as a primary treasury reserve asset in 2020.

Future purchases are tied to a recovery in Strategy's Stretch preferred stock, which trades under the ticker STRC. Le indicated the company could issue additional STRC shares once the security approaches $100.

No date has been set for the next Bitcoin purchase. Le characterized the plan as a later-year initiative dependent on capital market conditions rather than an imminent transaction.

Strategy designed STRC with a variable dividend rate that management adjusts monthly. The company maintained the annualized rate at 12% for August while STRC traded below its stated value. Management has also repurchased STRC shares when the security falls below its target range. Strategy aims for the preferred stock to trade near $99 to $100 before issuing additional shares for capital.

Recent Bitcoin Sales Fund STRC Repurchases

Between August 3 and August 9, Strategy sold 1,690 BTC for approximately $108.6 million at an average price of $64,262 per Bitcoin. The company used the proceeds to repurchase 1,152,020 STRC shares at an average price of $94.29. Following the transaction, its Bitcoin holdings declined from 842,138 BTC to 840,447 BTC.

During the prior reporting period, Strategy sold 1,638 BTC for roughly $104.73 million. A portion of those proceeds went toward preferred-stock dividends, with the remainder directed to STRC repurchases.

Combined across both periods, Strategy sold 3,328 BTC for approximately $213.3 million. Its public Bitcoin reserve fell from 847,363 BTC on June 22 to the current 840,447 BTC. While the reduction represents less than 1% of total holdings, it marks a notable departure from the company's prior pattern of sequential accumulation, which had made Strategy's BTC position a barometer for institutional demand.

Strategy Builds Dollar Reserve to $4.65 Billion

Strategy has also expanded its US dollar reserve while reducing part of its Bitcoin position. The company raised cash through common-share sales under its at-the-market programs.

An August 10 filing disclosed that Strategy sold 6,585,329 MSTR shares, raising approximately $653.1 million. Management allocated $650 million to its designated dollar reserve and placed the remainder into unrestricted cash.

That contribution raised the reserve from $4 billion to $4.65 billion as of August 9. Strategy uses the reserve to support preferred dividends, interest payments, and other corporate obligations.

Le said the company now places greater emphasis on holding cash alongside Bitcoin. During the second-quarter earnings call, he noted that management recognized the value of maintaining dollar liquidity on the balance sheet. The pivot toward dollar reserves reflects a broader trend among Bitcoin treasury companies that have faced pressure to demonstrate sustainable funding structures beyond equity issuance, particularly as preferred-share and debt instruments tied to Bitcoin strategies have multiplied across public markets.

Bitcoin Technical Levels in Focus

Bitcoin trades below short-term resistance after slipping under the $64,100 area. Traders are watching $64,500 as the first recovery level, with $63,300 serving as nearby support.

A rejection near $64,500 could sustain downward pressure on Bitcoin and push the price toward the lower support zone. Buyers may attempt a rebound if the market holds around $63,300. On the daily chart, Bitcoin still requires a clear break above $67,000 to reinforce its recovery.

A sustained move above $67,000 could draw attention toward the 200-day moving average near $70,010. Bitcoin also faces the 200-day exponential moving average around $72,191.