Michael Saylor's Strategy Skips Bitcoin Again While Strive Pushes Holdings to 20,246 BTC
Michael Saylor's Strategy didn't touch its Bitcoin position last week. A much smaller competitor did.
STRATEGY ADDS CASH, NOT BITCOIN
Saylor laid out the week's moves himself. Strategy added $150M to its USD Reserve and repurchased $132M of $STRC, extending USD Duration to 2.8 yrs (+41 days) and tightening STRC BTC Credit to 114 bps (-4 bps). As of 8/16/26: 840,447 BTC Reserve; $4.8B USD Reserve.
The money for that came from selling stock, not from touching the Bitcoin pile. Strategy sold 3.46 million MSTR shares for $333.7 million, using the proceeds to repurchase $132.2 million of STRC, fund $52.4 million of dividends and add $150 million to its USD reserve. No Bitcoin was bought or sold in the seven days ended Aug. 16, the company said in a filing Monday. Strategy hasn't bought any Bitcoin since the middle of June.
THE PLAYBOOK HAS CHANGED
This isn't a one-week pause. The latest $132 million repurchase forms part of a broader $1 billion Digital Credit Securities Repurchase Program authorized in late June 2026, with STRC designated as the initial priority. Strategy is spending its capital defending the preferred stock and building a dollar cushion instead of adding to the 840,447 Bitcoin it already holds. The old playbook of raise money and buy Bitcoin has, for now, taken a back seat to stabilizing the credit products built on top of the Bitcoin pile.
STRIVE KEEPS STACKING
While Strategy sat out, Strive kept adding. Strive, a company pursuing a Bitcoin treasury strategy, bought an additional 79 Bitcoin, bringing its holdings to 20,246 BTC. Matt Cole, Strive's chairman and chief executive officer, wrote on X that the company purchased the 79 Bitcoin for about $5 million. The average purchase price for the latest acquisition was $63,231 per Bitcoin. The deal keeps Strive firmly among the largest public-company bitcoin holders, ranking roughly seventh based on reported corporate treasuries.
On the show, the hosts also flagged that Strive's SATA preferred stock has now strung together roughly 50 consecutive daily dividend payments, a run that started when the security began paying out every business day earlier this year.
The split says something plain about where things stand right now. The largest Bitcoin treasury company is spending its energy defending its balance sheet and its preferred stock, while a firm sitting in seventh place just keeps adding coins, one modest purchase at a time.
This story comes from the Simply Bitcoin Live show. Watch the full episode.
