Finance11 August, 20263 min read
Strategy CEO Phong Le Says Company Will Resume Bitcoin Accumulation Later This Year
This article is an automated aggregation of coverage from news outlets. Our editorials offer in-depth analysis curated by the NewsCord team.
Strategy plans to resume Bitcoin accumulation later in 2026. Recent sales reduced holdings to about 840,000 BTC.
Strategy to Buy Again
Strategy CEO Phong Le said the company plans to resume accumulating Bitcoin later this year, even after recent sales reduced its holdings, in a Monday interview with FOX Business. Le said Strategy had purchased around 175,000 Bitcoin since the beginning of the year while selling roughly 7,000 BTC, making the company a significant net buyer, and he added, "We’ll get back to buying more Bitcoin throughout the course of the year." The company has used proceeds from recent sales to support preferred stock dividends, share repurchases and its US dollar reserve, while the report says Strategy has sold Bitcoin on four occasions since May, with the most recent sale totaling 1,690 BTC.
“That’s ‘about 25 times more’ buying than selling, Le said.”
The TradingView account also says Strategy has gone from the world’s second-largest institutional Bitcoin holder to the largest, and that it has accumulated more than 840,000 BTC. A separate report says Strategy plans to resume Bitcoin accumulation before the end of 2026 after recent sales reduced its reserve to 840,447 BTC, and it cites Le’s expectation that Strategy will return to Bitcoin accumulation as the company builds its US dollar reserve and supports its preferred stock products.
Sales, Cash Reserve, and STRC
Recent filings described in the sources show Strategy sold 1,690 BTC between Aug. 3 and Aug. 9, receiving $108.6 million after fees and expenses, and it used the proceeds to repurchase 1,152,020 STRC shares.
The Crypto News account says Strategy’s Bitcoin reserve fell from 842,138 BTC to 840,447 BTC following the transaction, and it adds that the remaining holdings were acquired for about $63.36 billion at an average price of $75,385 per coin.
International Business Times reported that Strategy sold 1,690 Bitcoin for about $108.6 million during the seven days ended Aug. 9 and also sold approximately 6.6 million shares of its Class A common stock, raising about $653.1 million.
That same report says the transactions helped push Strategy’s U.S. dollar reserve to approximately $4.65 billion, and it notes that STRC has been trading below its $100 par value, limiting Strategy’s ability to use new STRC issuance as an attractive source of capital.
In the TradingView account, Le is quoted saying the company will resume buying, while the broader finance coverage frames the shift as pressure on the corporate Bitcoin treasury model as weaker market conditions challenge the economics that fueled rapid expansion.
What’s at Stake Next
The sources tie Strategy’s next steps to its capital-management plan, with the Crypto News account describing a plan for later in 2026 rather than an immediate transaction and stating that Strategy has not announced a date for its next purchase. In that same account, the company’s ability to fund future Bitcoin buying is linked to its preferred stock framework, including STRC’s “Bitcoin credit,” which measures Bitcoin and cash backing relative to its preferred obligations. International Business Times says Strategy’s stock is falling and that the company’s expanding network of preferred securities, convertible debt and dividend obligations has made maintaining sufficient liquidity increasingly important.
“Strategy has faced scrutiny for departing from its long-standing ‘never sell’ approach to Bitcoin.”
The TradingView account adds that Strategy has faced scrutiny for departing from its long-standing “never sell” approach to Bitcoin, and it says the shift reflects competing demands facing a public company, including obligations to common and preferred shareholders alongside its Bitcoin accumulation strategy. Together, the coverage sets up a tension between continued Bitcoin exposure and liquidity needs, with the sources pointing to Strategy’s US dollar reserve rising to $4.65 billion and its stated intent to resume Bitcoin accumulation later this year or before the end of 2026.