Key highlights:
Michael Saylor’s Strategy is now taking a different approach, pausing its Bitcoin purchases for almost four weeks. The company, which has been known for its aggressive BTC buying spree, has now shifted its focus to strengthening its cash reserves.
As the largest Bitcoin treasury company hasn’t acquired even a single BTC over the past month, marking the longest break in its crypto strategy, the community remains concerned. While many believe it as the company’s temporary shift in approach, others worry about its impact on the Bitcoin price.
Strategy reports no Bitcoin buy in four weeks
The crypto community is now surprised to see a one-month pause in Strategy’s Bitcoin accumulation strategy. As the company has reportedly extended its Bitcoin buying pause for a fifth consecutive week, investors remain worried.
Currently, Strategy is focusing on boosting its cash reserves by selling its MSTR shares. The platform is raising capital through its at-the-market (ATM) share sale program. Last week, the firm sold about 5,429,160 MSTR shares, raising $544.5 million in net proceeds. With the latest sale, Strategy’s cash reserves have reached a notable $3.225 billion, which is enough to cover about 2.1 years of the company’s annual obligations.
Despite these MSTR stock sales and growing cash reserves, Strategy has temporarily stopped
buying the cryptocurrency. Thus, the Bitcoin treasury’s total BTC holdings remain unchanged at 843,775 since June 22, when it purchased 520 BTC worth $35 million.
Unveiling preferred stock buyback program
In the latest filing, Strategy has also unveiled the first-ever buyback of its preferred stock. The company reportedly repurchased 288,930 STRC shares for $25 million. “On July 27, 2026, Strategy announced an update with respect to its share repurchase program,” read the statement. This comes as part of the platform’s $1 billion Digital Credit Securities Repurchase Program, approved in late June.
Following this repurchase, about $975 million remains available under the program. In addition, the firm has a separate $1 billion authorization to buy back its common stock. However, it hasn’t yet used any of these funds to make purchases.
MSTR and STRC shares stay strong
Despite Strategy’s continued stock sales, the MSTR stock price remains positive, highlighting growing investor confidence. Currently, the MSTR stock is priced at $97.93, up by about 6.75% in a day. Although the shares saw a marginal fall in the last five days, MSTR has grown by nearly 20% over the past month.
Strategy’s STRC shares are also experiencing a similar bullish turn. Following the company’s recent repurchase, the STRC stock is trading at $88.87, marking a notable hike of 2.13%. Over the last five days, the shares have surged by about 2.18% while they saw a remarkable rally of about 20% in a month.
It is worth mentioning that these stock performances underscore the strong investor confidence despite the company’s changing strategy. As both MSTR and STRC posted significant gains, it indicates that the market remains confident about Strategy’s long-term vision.
Source:: Strategy Pauses Bitcoin Buying as Cash Reserve Climbs Above $3.2 Billion