Strategy Extends Bitcoin Buying Pause as Holdings Return to Profit After Rally

Strategy, the world’s largest corporate Bitcoin holder, bought no Bitcoin for another week and continued building dollar liquidity. As of Aug. 23, 2026, it held 840,447 BTC, roughly 4% of total supply, at an aggregate cost of $63.36 billion, or $75,385 per Bitcoin on average, with approximately 0% net leverage. After Bitcoin rebounded from below $65,000 to above $78,000, the position was worth more than $65.6 billion and returned to unrealized profit after previously showing a loss exceeding $10 billion. Between Aug. 17 and Aug. 23, Strategy sold 18,261,118 MSTR shares through its at-the-market program, generating $2.0065 billion in net proceeds. It allocated $300 million to USD Reserve, $136.4 million to repurchase 1.43 million STRC preferred shares, and the remainder to a new $1.59 billion USD Cash pool, bringing reported combined dollar liquidity to $6.685 billion. The newer update rounded the increase to $1.88 billion and total liquidity to $6.68 billion. Its most recent Bitcoin sale was 1,690 BTC on Aug. 10.

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