Strategy Extends Bitcoin Buying Pause to Five Weeks and Holds STRC Dividend at 12% as Saylor Teases Purchase

Strategy has paused its regular Bitcoin purchases after reporting an $8.22 billion net loss for Q2 2026, driven by an $8.32 billion unrealized loss on its digital assets. Executive Chairman Michael Saylor sparked buy speculation by posting "Bitcoin Drive engaged" on August 2, 2026. However, the company is currently prioritizing active capital management, building a $3.75 billion cash reserve, and working to restore its STRC preferred stock to its $100 par value before resuming major acquisitions.

Strategy Q2 Bitcoin loss

• ▪Strategy held 843,775 BTC at the end of the second quarter of 2026, representing a 25% increase from the start of the year
• ▪Strategy's second-quarter 2026 operating loss of $8.33 billion reversed an operating income of $14.03 billion from the second quarter of 2025
• ▪Strategy reported an $8.22 billion net loss for the second quarter of 2026, driven by an $8.32 billion unrealized loss on its digital assets

STRC preferred stock priority

• ▪Strategy raised $544 million through sales of its common stock while repurchasing its preferred stock in late July 2026
• ▪Strategy plans to refrain from buying additional Bitcoin while its STRC preferred stock trades below its $100 par value
• ▪Strategy repurchased approximately $25 million of STRC preferred stock between July 20 and July 24, 2026

MSTR technical chart levels

• ▪Strategy stock's Average Directional Index stood at 13.13 on July 31, 2026, indicating the market lacked a strong directional trend
• ▪Strategy stock closed at $93.28 on July 31, 2026, representing a 4.56% daily decline

Analyst buy ratings maintained

• ▪H.C. Wainwright maintained a buy rating and assigned Strategy stock a $325 price target on July 31, 2026
• ▪Benchmark maintained its buy rating on Strategy stock but reduced its price target from $570 to $435 on July 31, 2026

Bitcoin purchase pause strategy

• ▪Strategy accumulated a $3.75 billion cash reserve to cover over two years of estimated dividend and interest obligations
• ▪Strategy paused its regular Bitcoin purchases, recording no acquisitions for five weeks following its last purchase during the week of June 15 to June 21, 2026
• ▪Strategy completed two recent Bitcoin sales totaling 3,588 BTC to fund preferred-stock distributions and replenish its U.S. dollar reserve