Strategy Keeps Bitcoin Holdings Steady; Saylor Reaffirms Long-Term BTC Thesis

Strategy, the world's largest publicly traded holder of Bitcoin, made no BTC purchases again this week, extending a streak of inactivity. The firm currently holds 840,447 BTC. Founder Michael Saylor said the company neither bought nor sold Bitcoin last week. "As of 23/08/2026, Strategy owns approximately 4% of the total BTC supply and uses 0% net leverage." Instead of adding to its Bitcoin position, Strategy said it boosted USD liquidity. The company increased its USD reserves to $5.10 billion and added $1.59 billion in additional USD cash reserves. Strategy also said MSTR generated $2 billion in capital through its sales. "USD Cash strengthens our Digital Credit Capital Framework and is separately reserved for general Bitcoin Treasury Corporation purposes; these purposes include BTC purchases, preferred dividends and interest payments, MSTR/preferred stock buybacks, convertible bond redemption, and increasing the USD Reserve." The company also repurchased $136 million worth of STRC shares. Strategy said the transactions further strengthened STRC and added that the period during which dividend payments can be supported by dollar reserves was extended by 414 days, bringing the total coverage window to 3.9 years. Saylor also reiterated his long-horizon view on Bitcoin. In a recent post, he urged investors to "think like billionaires" and judge an asset by whether someone wealthier would still want to buy it 10 years from now. He argued Bitcoin passes this standard, which he called the "Bernard Arnault test," suggesting affluent investors will continue to view BTC as attractive well into the next decade. This is not investment advice.