Strategy Halts Bitcoin Purchases, Holds $6.69 B in Cash

Strategy, the Virginia‑based firm led by Michael Saylor, reported that it did not purchase any Bitcoin during the week of August 17‑23, 2026. The company’s Bitcoin holdings remain at 840,447 BTC, acquired for a total cost of $63.36 billion, representing roughly 4 % of the total 21 million‑coin supply.

Cash Reserves Grow to $6.69 B

Strategy’s balance sheet now includes a USD Reserve of $5.10 billion and a separate USD Cash account of $1.59 billion, together totaling $6.69 billion. The USD Reserve is earmarked for preferred‑stock dividends and debt interest, while the USD Cash pool is designated for general treasury purposes, including potential Bitcoin purchases, securities buybacks, and convertible‑note repayments.

Capital Deployment Activities

During the same week, Strategy sold 18,261,118 shares of its common stock (MSTR) through an at‑the‑market program, generating approximately $2.01 billion in net proceeds. Of that amount, $300 million was added to the USD Reserve and $136.4 million was used to repurchase its variable‑rate preferred stock (STRC). The remaining proceeds were placed in the USD Cash account.

In addition, Strategy bought back 1,431,212 shares of STRC for $136.4 million and retains $516.6 million for further preferred‑stock repurchases. Up to $1 billion remains authorized for future MSTR repurchases.

Implications for Future Bitcoin Purchases

While no Bitcoin was bought during the reporting period, the company’s statements indicate that the newly accumulated cash provides flexibility to act quickly if Bitcoin experiences significant price dislocations or if other strategic opportunities arise. The next capital update will clarify whether the cash is a temporary pause or a deliberate reserve for future deployment.