Strategy Adds 535 BTC as Michael Saylor Defends Flexible Bitcoin Strategy
Despite recent debate over its willingness to sell bitcoin, Strategy has continued adding to its massive crypto treasury, purchasing another 535 BTC for approximately $43 million.
According to a new regulatory filing, the company acquired the bitcoin at an average price of $80,340 per coin, pushing its total holdings to 818,869 BTC. Strategy’s entire stash has been accumulated at a combined cost of nearly $61.9 billion, with an average acquisition price of $75,540 per bitcoin.
The latest buy arrives less than a week after executive chairman Michael Saylor suggested the company may eventually sell a portion of its holdings under certain financial conditions. The remarks sparked discussion among investors, many of whom viewed Strategy’s bitcoin approach as strictly accumulation-focused.
Saylor later clarified that any future sales would likely serve broader treasury goals rather than signal a retreat from bitcoin. In a recent interview, he emphasized that the company’s long-term objective remains increasing its overall BTC position over time, adding that any coins sold could be offset by significantly larger future purchases.
The company’s evolving stance comes as it navigates mounting financial obligations and volatile market conditions. Bitcoin’s sharp decline during the first quarter of 2026 forced Strategy to record substantial unrealized losses under fair-value accounting rules, which require firms to mark digital asset holdings to market each reporting period.
A significant share of Strategy’s bitcoin was acquired above the $80,000 level, leaving portions of its treasury temporarily underwater as prices retreated earlier this year. The accounting impact contributed billions in unrealized paper losses, while also generating deferred tax benefits tied to those declines.
Company leadership framed the possibility of strategic sales as a financial optimization tool rather than a shift in philosophy. Executives indicated that decisions would continue to prioritize bitcoin-per-share growth and shareholder returns, especially as the firm manages billions in convertible debt and ongoing dividend commitments linked to preferred stock offerings.
Beyond bitcoin, Strategy is also expanding its software and artificial intelligence operations. The company reported one of its strongest software quarters in years and has been investing heavily in internal AI infrastructure designed to modernize workflows across the business.
Shares of Strategy climbed strongly in recent weeks alongside bitcoin’s rebound, while the latest BTC purchase reinforced investor expectations that the company remains committed to aggressive long-term accumulation.