{"id":76712,"date":"2026-08-12T12:04:17","date_gmt":"2026-08-12T12:04:17","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/firm-will-resume-bitcoin-buying-later-this-year\/"},"modified":"2026-08-12T12:04:17","modified_gmt":"2026-08-12T12:04:17","slug":"firm-will-resume-bitcoin-buying-later-this-year","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/firm-will-resume-bitcoin-buying-later-this-year\/","title":{"rendered":"Firm Will Resume Bitcoin Buying Later This Year"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Strategy has bought 175,000 BTC in 2026 while selling just 7,000, a 25-to-1 ratio, Phong Le says.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Strategy\u2019s USD reserve hit a record $4.65 billion in August 2026 after growing over 5X in ten weeks.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Traders now watch whether Strategy\u2019s mNAV recovers as buying resumes.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>A Pivot After Four Rounds of Selling<\/h2>\n<p>Strategy CEO Phong Le <a href=\"https:\/\/www.foxbusiness.com\/video\/6403184912112\" target=\"_blank\" rel=\"noopener noreferrer\">told Fox Business<\/a> the company will get back to buying more bitcoin throughout the rest of 2026, pushing back against the idea that a recent run of sales marks a retreat from its accumulation strategy.<\/p>\n<p>Le pointed to the math, stating that Strategy has purchased roughly 175,000 BTC since the start of the year while selling only about 7,000 BTC, a buying pace he said <a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/2087371623024517168\" target=\"_blank\" rel=\"noopener noreferrer\">runs about 25 times higher<\/a> than its selling.<\/p>\n<p>That selling has still drawn scrutiny because it breaks with Strategy\u2019s long-standing \u201cnever sell\u201d posture under chairman Michael Saylor. The company has offloaded bitcoin on four separate occasions since May, most recently between Aug. 3 and Aug. 9, when it <a href=\"https:\/\/news.bitcoin.com\/crypto-news\/strategy-sells-1690-bitcoin-as-saylor-reloads-its-cash-war-chest\/\">sold 1,690 BTC at an average price of $64,262<\/a> for roughly $108.6 million.<\/p>\n<p>Strategy now holds 840,447 BTC, acquired for a total cost near $63.36 billion at an average purchase price of $75,385 per coin, meaning the latest sales were executed below the company\u2019s own cost basis.<\/p>\n<h2>Why the Market Is Watching Closely<\/h2>\n<p>Strategy\u2019s stock has historically traded at a premium to the bitcoin it holds, a gap tracked through its mNAV, or multiple of net asset value, which compares the company\u2019s market capitalization to the value of its bitcoin treasury. That premium peaked near 3.4x in November 2024. By Aug. 3, Strategy\u2019s basic mNAV had fallen to roughly 0.68x, meaning the market was pricing the company below the value of its own bitcoin holdings.<\/p>\n<p>Le\u2019s comments posture the sales not as a loss of conviction but as short-term balance-sheet management where proceeds have gone toward preferred stock dividends, buybacks of its STRC preferred shares, and building up a U.S. dollar reserve (rather than being spent outside the bitcoin strategy entirely).<\/p>\n<p>The sales also mark a shift in tone from Saylor himself, who built Strategy\u2019s reputation on a \u201cnever sell\u201d ethos. Pressed on the reversal, Saylor said <a href=\"https:\/\/news.bitcoin.com\/saylor-never-sell-bitcoin-btc-prague-strategy\/\">he never actually promised<\/a> the company itself would never sell, recasting the phrase as personal advice for individual holders rather than a corporate pledge.<\/p>\n<p>The reframing followed a rough second quarter with Strategy <a href=\"https:\/\/news.bitcoin.com\/featured\/strategy-bitcoin-holdings-843775-btc-q2-2026\/\">posting an $8.6 billion net loss<\/a> for Q2 2026, driven almost entirely by an $8.3 billion non-cash mark-to-market loss on its bitcoin holdings as BTC fell toward $58,700 by quarter\u2019s end.<\/p>\n<h2>Rebuilding the Cash Position<\/h2>\n<p>The clearest evidence of that balance-sheet work is the dollar reserve itself. Strategy\u2019s USD reserve <a href=\"https:\/\/news.bitcoin.com\/featured\/strategy-usd-reserve-hits-all-time-high-after-5x-growth-btc-sale\/\">climbed to an all-time high of $4.65 billion<\/a>, up from $871 million in late May, more than fivefold growth in about ten weeks. The buildup has been funded through a mix of equity issuance and bitcoin sales; the most recent round alone raised $653.1 million by selling MSTR shares through its at-the-market program, on top of the $108.6 million freed up from the 1,690 BTC sale.<\/p>\n<p>Strategy isn\u2019t the only bitcoin treasury company recalibrating this year, as bitcoin miner <a href=\"https:\/\/news.bitcoin.com\/crypto-news\/mara-sells-23093-bitcoin-for-1-6-billion-as-treasury-strategy-shifts\/\">MARA also sold 23,093 BTC<\/a> for about $1.6 billion in the first half of 2026, citing a shift toward more flexible treasury management rather than pure accumulation (a sign the sector-wide \u201cbuy and never sell\u201d playbook is giving way to more active balance-sheet strategies even among bitcoin\u2019s largest institutional holders).<\/p>\n<p>Looking ahead, Le\u2019s comments signal the company intends to return to net accumulation once its current capital-management push winds down. The mNAV discount adds a second variable since a sustained trade below 1x could pressure Strategy to keep prioritizing buybacks and reserve-building over new bitcoin purchases, since repurchasing undervalued MSTR shares can be more accretive to shareholders than adding bitcoin at a premium.<\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/news.bitcoin.com\/featured\/strategy-ceo-resume-bitcoin-buying-later-2026\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Strategy has bought 175,000 BTC in 2026 while selling just 7,000, a 25-to-1 ratio, Phong Le says. Strategy\u2019s USD reserve hit a record $4.65 billion in August 2026 after growing over 5X in ten weeks. Traders now watch whether Strategy\u2019s mNAV recovers as buying resumes. A [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":76713,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/76712"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362404"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=76712"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/76712\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/76713"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=76712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=76712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=76712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}