Strategy remains a major net buyer of Bitcoin despite several recent sales that attracted attention from investors.
The company has purchased roughly 25 times more Bitcoin than it has sold this year, according to CEO Phong Le, who said Strategy plans to resume increasing its Bitcoin holdings later in 2026.
Strategy Plans to Buy More Bitcoin
In an interview with FOX Business, Le said Strategy had purchased approximately 175,000 BTC since the beginning of the year while selling around 7,000 BTC.
That leaves the company firmly positioned as a net buyer despite its recent decision to reduce part of its holdings.
Le said Strategy intends to return to Bitcoin accumulation throughout the remainder of the year.
He also noted that the company has moved from being the world’s second-largest institutional Bitcoin holder to the largest.
Strategy Holds More Than 840,000 BTC
Strategy has accumulated more than 840,000 Bitcoin, making BTC a central part of its corporate strategy.
However, the company has sold Bitcoin on four occasions since May. Its latest sale involved approximately 1,690 BTC.
The proceeds have been used to support several corporate priorities, including preferred stock dividends, share repurchases and Strategy’s U.S. dollar reserve.
Bitcoin Sales Draw Investor Attention
Although Strategy’s recent sales represent only a small portion of its overall Bitcoin holdings, they have attracted scrutiny.
The company had previously become closely associated with a long-term Bitcoin accumulation strategy and a reluctance to sell its holdings.
The recent transactions therefore represent a notable shift in how Strategy manages its Bitcoin treasury.
As a publicly traded company, Strategy must balance its Bitcoin ambitions with financial obligations to both common and preferred shareholders.
Corporate Bitcoin Treasury Model Faces Pressure
The broader corporate Bitcoin treasury model has also faced growing pressure during weaker cryptocurrency market conditions.
Public companies collectively hold more than 1.26 million BTC, according to BitcoinTreasuries.NET data cited in the report.
Exchange-traded funds and other investment funds hold more than 1.6 million BTC, giving them an even larger share of institutional Bitcoin ownership.
Falling Bitcoin Prices Complicate Corporate Buying
Bitcoin treasury companies have traditionally benefited when their shares trade at a premium to the value of the Bitcoin they hold.
According to Novaque Research, that premium can allow companies to raise new capital through equity or debt and use the proceeds to purchase additional Bitcoin.
This creates a cycle in which rising valuations can support further BTC accumulation.
However, the strategy becomes more difficult when a company’s stock trades below the net asset value of its Bitcoin holdings.
Raising additional capital under those conditions can dilute existing shareholders and reduce the attractiveness of issuing new shares to fund more Bitcoin purchases.
Strategy Remains Committed to Bitcoin
Despite the recent sales and changing market environment, Strategy continues to hold one of the largest corporate Bitcoin positions in the world.
Le’s comments suggest that the company still views Bitcoin accumulation as a core part of its long-term strategy, even as it adjusts its treasury management to meet other financial obligations.
For investors, the timing and scale of Strategy’s next Bitcoin purchases will remain an important factor to watch through the rest of 2026.
