Strategy CEO Phong Le says the firm will resume Bitcoin accumulation this year after buying 175,000 BTC and selling just 7,000 BTC since January, making it a net buyer by 25x.
Strategy Bitcoin News
Strategy's CEO Phong Le has confirmed the company intends to resume buying Bitcoin (BTC) before the year is out, pushing back against the narrative that a string of recent sales signals a retreat from its core accumulation strategy. Le made the comments in a Monday interview with FOX Business.
Le said Strategy had purchased around 175,000 BTC since the start of 2026 while selling roughly 7,000 BTC over the same period. That ratio makes the company approximately 25 times more of a buyer than a seller this year, he said. Le also noted that Strategy has moved from the world's second-largest institutional Bitcoin holder to the largest during that time.
"We'll get back to buying more Bitcoin throughout the course of the year," Le said in the interview.
Why Strategy Has Been Selling at All
Strategy has sold Bitcoin on four separate occasions since May 2026, with the most recent sale totaling 1,690 BTC. The company has used proceeds from those sales to fund preferred stock dividends, share repurchases, and its US dollar reserve. Its total holdings now stand at more than 840,000 BTC.
The sales drew scrutiny from the market because they appeared to contradict the company's long-standing approach of never selling its Bitcoin. The shift put a spotlight on the competing financial obligations Strategy faces as a public company, balancing commitments to both common and preferred shareholders against its Bitcoin accumulation goals.
Related Article: Strategy Raises $761M From BTC and Stock Sales, Cuts Holdings to 840,447 BTC
Broader Corporate BTC Model Faces Pressure
The corporate Bitcoin treasury model has come under strain as weaker market conditions challenge the economics behind it. Public companies collectively hold more than 1.26 million BTC, trailing exchange-traded funds and other funds, which hold more than 1.6 million BTC, according to BitcoinTreasuries.
The model has historically worked through a financing cycle in which Bitcoin treasury companies traded at premiums to the value of their BTC holdings. That allowed them to raise capital through equity or debt and use the proceeds to buy more Bitcoin, according to Novaque Research. The cycle becomes harder to sustain when companies trade below the net asset value of their Bitcoin holdings, because raising fresh capital grows increasingly dilutive to existing shareholders.
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