Strategy to Resume Bitcoin Accumulation This Year, Becoming the Largest Institutional Holder Globally
2026-08-11 18:14
Odaily News – Bitcoin holding company Strategy's CEO, Phong Le, stated that the company plans to resume accumulating Bitcoin later this year. So far this year, the company has purchased approximately 175,000 BTC and sold around 7,000 BTC, with purchases outpacing sales by about 25 times.
Phong Le noted that Strategy has risen from the world's second-largest institutional Bitcoin holder to the largest. The company currently holds over 840,000 BTC in total and has sold Bitcoin four times since May this year, with the most recent sale involving 1,690 BTC.
The funds from Strategy's recent Bitcoin sales have been used to pay preferred stock dividends, buy back shares, and bolster its dollar reserves. The company had long adhered to a no-sell Bitcoin strategy, and this recent shift has drawn market scrutiny. (Cointelegraph)
Phong Le noted that Strategy has risen from the world's second-largest institutional Bitcoin holder to the largest. The company currently holds over 840,000 BTC in total and has sold Bitcoin four times since May this year, with the most recent sale involving 1,690 BTC.
The funds from Strategy's recent Bitcoin sales have been used to pay preferred stock dividends, buy back shares, and bolster its dollar reserves. The company had long adhered to a no-sell Bitcoin strategy, and this recent shift has drawn market scrutiny. (Cointelegraph)
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