Michael Saylor has a new way of defining his company’s most valuable asset. Through a post on the X platform on August 23, 2026, he called Bitcoin a major breakthrough for transforming economic energy into a digital form. According to Saylor, this mechanism allows full control to rest in the hands of individuals, corporations, and even at the state level.
Saylor’s statement is more than just a social media post. The company he runs, Strategy, is proving that belief by continuing to accumulate Bitcoin. They now hold 840,447 BTC as of August 16, 2026. That figure represents approximately 4% of Bitcoin’s maximum total supply, which is limited to just 21 million coins.
$1.5 Billion in Profit, Yet Selling Assets Instead
Strategy’s position in the crypto market is growing stronger. The total acquisition cost for the hundreds of thousands of coins reached $63.36 billion, with an average purchase price of $75,385 per BTC. With Bitcoin’s price currently hovering around $77,559, the company’s portfolio is showing a profit of approximately $1.5 billion above its cost basis.
Despite sitting on a massive pile of profits, the company’s track record is not just about hoarding. Last week, Strategy took a different route by offloading a small portion of its crypto holdings. They sold 1,690 BTC valued at $108.6 million. This decision was made purely for internal matters, specifically to fund the buyback of their preferred stock under the ticker STRC.
One Condition Before Buying More Bitcoin
Strategy’s focus is currently split to address its own stock market performance. STRC preferred stock is still trading below its par value of $100. This condition has prompted management to tap the brakes. Strategy CEO, Phong Le, emphasized that his company will only resume buying fresh Bitcoin once the STRC stock price recovers.
While waiting for the stock market conditions to improve, Strategy is supporting its operations with $4.80 billion in corporate cash reserves. These liquid funds are set aside specifically to finance scheduled dividend payments and interest on ongoing obligations.
All these maneuvers align with Strategy’s business expansion strategy, which introduces its capital market platform identity as “Digital Credit.” This financial umbrella covers their various series of preferred stock officially listed on the Nasdaq exchange, ranging from STRC, STRF, STRK, to STRD.
Saylor’s digital energy narrative indeed fuels dreams of a decentralized future, but when internal stock matters require a fresh injection of funds, the Bitcoin in the vault returns to its original function: the most liquid cash reserve ready to be cashed out at any time. Reported by crypto.news.
Also read: What Is Bitcoin Halving?
Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
