Strategy Inc, together with its subsidiaries, operates as a bitcoin treasury company in the United States, Europe, the Middle East, Africa, and internationally. It offers investors varying degrees of economic exposure to Bitcoin through a range of securities, including equity and fixed income instruments. The company also provides AI-powered enterprise analytics software, including Strategy One, which lets non-technical users directly access novel and actionable insights for decision-making, and Strategy Mosaic, a universal intelligence layer that offers enterprises consistent definitions and governance across data sources, regardless of where the data resides or which tools access it. The company was formerly known as MicroStrategy Incorporated and changed its name to Strategy Inc in August 2025. It was incorporated in 1989 and is headquartered in Tysons Corner, Virginia.
Corporate Bitcoin Buying Plunges to About 5,900 BTC in Past Three Months, Glassnode Says
On-chain analytics firm Glassnode reported on September 16 that net Bitcoin purchases by listed companies amounted to only about 5,900 BTC over the past three months, roughly 69.5 billion yen. Compared with the roughly 89,000 BTC, or about 1.048 trillion yen, recorded in July 2025, that is about one-fifteenth of the level. The average acquisition price for listed companies stands at about 80,500 dollars, roughly 6 percent above the market price at the time of the survey, leaving these companies as a whole sitting on unrealized losses. Behind the slowdown in buying are the decline in Bitcoin's price and tightening financial conditions, as core inflation in the United States has fallen to 2.4 percent while the policy rate holds at 3.75 percent, pushing real interest rates higher. New demand from sources other than companies has also weakened: U.S. spot Bitcoin ETFs saw net outflows of about 334 million dollars between September 8 and 14, while the stablecoin supply was roughly 301 billion dollars, flat from the previous week. Strategy, one of the world's largest Bitcoin holders, is shifting its focus from an all-out buying strategy to management that emphasizes capital efficiency, and Glassnode noted that the corporate average acquisition price of 80,500 dollars could serve as near-term resistance on the upside.
Strategy Jumps 16% as SEC Opens Door to Tokenized Stock Trading
Strategy Inc. shares climbed just over 16% on Friday, rising $21.67 to close at $153.92, as crypto-related stocks broadly advanced after the SEC approved a temporary "Innovation Exemption" allowing certain venues and liquidity providers to facilitate trading in tokenized U.S.-listed stocks. The move followed two weeks of choppy trading for the stock, which operates as both a Bitcoin Treasury Company and an enterprise analytics software provider. Strategy holds approximately 845,050 Bitcoin as a treasury reserve, financed through equity, debt, and preferred securities. Volume reached 53.9 million shares, roughly 1.96 times the one-month average, and the stock's one-month return stands at 35.39%.
Strategy Jumps 12%, Coinbase Climbs 11% as Bitcoin Tops $80,000
Bitcoin traded at $80,888.81, up 5.5% over 24 hours, pushing crypto-linked equities sharply higher Friday morning. Strategy stock rose 12% to $148.55 and Coinbase Global shares climbed 11% to $192.43, both outpacing the coin itself, while the iShares Bitcoin Trust ETF gained 6% and the SPDR S&P 500 ETF Trust slipped 0.1%. Nic Puckrin, founder of Coin Bureau, said short positions were liquidated once Bitcoin broke past its resistance level, and crypto derivatives traders had been heavily positioned in call options heading into the move. The Securities and Exchange Commission said Thursday it is granting a five-year exemption allowing U.S. trading venues to offer tokenized stocks, a direct tailwind for Coinbase, which earns fees on every listed venue it operates. Coinbase chief executive Brian Armstrong said he now assumes the CLARITY Act is dead and that another path exists through the regulators, naming the SEC and the Commodity Futures Trading Commission, while a House of Representatives committee advanced the Strategic Bitcoin Reserve bill on Thursday, a measure that still requires approval from the full House and the Senate. Strategy remains a leveraged treasury vehicle for Bitcoin, funded largely with issued equity, and its stock is still down 3% year to date even after this month's rebound.
Saylor Says Banks Can Lend Against Bitcoin Without Congress as Deutsche Bank Awaits BaFin Approval
Michael Saylor, Chairman of MicroStrategy, said banks will expand Bitcoin custody and lending without new legislation from Congress, arguing the SEC and CFTC can advance crypto rules under existing law while the CLARITY Act stalls. Saylor's case rests on Bitcoin's settled status as a CFTC-regulated commodity with SEC-approved spot ETFs, plus a series of interpretive letters the Office of the Comptroller of the Currency has issued since March 2025 confirming national banks may custody crypto assets and execute trades at customer direction. Deutsche Bank announced this week that it plans to launch regulated custody for Bitcoin, Ethereum and select stablecoins for institutional and corporate clients by the end of 2026, and that launch is awaiting sign-off from BaFin, Germany's financial regulator, under the European Union's Markets in Crypto-Assets regulation, whose transition period ended on July 1. The bank, which reported $2.217 trillion in assets under management as of June 30, holds a German crypto-custody authorization but still needs BaFin's approval for the specific service it announced, and that custody approval is the first piece any bank needs before it can lend against Bitcoin at all. Saylor's argument runs thin in one respect: OCC interpretive letters are guidance rather than statute and can be revoked by a future administration or a court challenge without a vote in Congress, whereas the CLARITY Act would lock Bitcoin's commodity status and banks' lending authority into law. Bitcoin-backed lending would let large holders borrow at bank rates instead of triggering a taxable sale, but the same structure works in reverse when prices fall, as happened in 2022 when Celsius, BlockFi and Voyager collapsed under forced selling, and the shift remains early since Deutsche Bank has not launched custody yet, let alone lending.
Tom Lee Calls Record Q4 Rally as Yardeni Cuts Target and Fed Hikes
Tom Lee said on September 15 that the fourth quarter could bring one of the biggest rallies of our lifetime, forecasting the S&P 500 to clear 8,200 by year-end, but the Federal Reserve raised rates less than 24 hours later and left the door open to another hike. Ed Yardeni cut his year-end S&P 500 target to 7,900 from 8,400 the next day, moved the old target to mid-2027, and raised his bearish-scenario odds to 30% from 20%, citing higher energy prices and a 10-year Treasury yield that hit 5.00% on September 15. Bitcoin trades at $76,600, down 34% from $116,484 a year ago and needing roughly a 53% gain to return to that level, while XRP at $1.30 is down 56% from $3.09 and would need more than a 130% gain to top $3, and Ethereum at $2,470 needs a 100% gain. Bitcoin's three-month correlation with the Nasdaq 100 has fallen sharply while its relationship with gold has climbed to its highest level in years, weakening the old assumption that crypto simply follows tech stocks. Strategy, the largest corporate Bitcoin treasury, holds 846,000 BTC and reported an $8.32 billion unrealized loss in its Q2 results in the July 30, 2026 8-K.
CleanSpark Jumps 5% as Bitcoin Miners Outrun the Coin
CleanSpark stock climbed 5% to $13.49 in Thursday morning trading, leading a broad rally in bitcoin mining equities that far outpaced the coin itself, with no company-specific disclosure behind the move. The CoinShares Bitcoin Mining and Digital Power ETF rose 6% to $47.20 while the SPDR S&P 500 ETF Trust gained 1% to $763.81, and Bitcoin advanced 1.39% to $76,633.43 over the trailing 24 hours. Strategy shares rose 4% to $130.71, a smaller gain than the pure miners but still a multiple of the coin's advance, consistent with a bid concentrated in operating mining equities rather than corporate treasury vehicles. The U.S. Senate cloture vote on the Clarity Act failed on September 15, falling short of the sixty votes needed to advance, a defeat two sessions old that sits in the background rather than acting as the trigger for today's move. CleanSpark's bull case rests on its data center build-out and the prospect of leasing capacity to artificial intelligence tenants, but absent a tenant announcement the rally risks reversing as quickly as it arrived.
Strategy's Stretch Preferred Stock Returns Near $100 Par After Eight Buybacks
Strategy's preferred stock, known as Stretch, has climbed back near its $100 U.S. par value following a series of aggressive buybacks by the cryptocurrency acquirer. The preferred stock, which trades under the ticker STRC, closed at $97.07 U.S. per share on Sept. 17, up from under $75 U.S. at the end of June. Strategy has said it is focused on returning the preferred stock to its $100 U.S. par value. To that end, the company repurchased nearly 9.96 million preferred shares at a cost of $950.8 million U.S. at the end of July, and more recently bought another 1,420,467 shares between Sept. 8 and Sept. 13 for $139.3 million U.S. In all, Strategy has bought back its preferred stock on eight occasions since the end of June. The preferred stock carries a 12% annualized dividend yield and pays a distribution of $0.50 U.S. per share twice a month. Some investors have criticized the company's focus on the preferred stock and maintaining its par value, arguing it has diverted attention from accumulating Bitcoin, and Strategy has held off on Bitcoin purchases while buying back the preferred stock, even selling some BTC at a loss in recent months to raise cash. MSTR stock has declined 62% over the last 12 months to trade at $126.18 U.S. per share.
US Senate Rejects Motion to Begin Debate on Clarity Act, Crypto-Linked Stocks Fall
On the 15th, the US Senate rejected a cloture motion on a motion to begin debate on the Clarity Act, a cryptocurrency regulation bill, by a vote of 49 to 50, falling far short of the 60 votes needed. In response, Coinbase shares fell about 10%, Circle shares about 11%, and Strategy shares about 5%. Saxo Bank investment strategist Ruben Dalfovo noted in a September 16 report that the risks facing the three companies differ, and analyzed that Coinbase is most directly affected by the Clarity Act's progress. According to him, Coinbase posted a record share of crypto trading in the second quarter, and the average USDC balance held within its services reached 20 billion dollars. Circle's main risk factors, meanwhile, are USDC adoption and interest rates, while Strategy's are the bitcoin price and its funding structure. The Senate is scheduled to adjourn on December 18, and Republican Tom Tillis has filed a motion to reconsider, but Bernstein sees little chance of a revote and expects the US Securities and Exchange Commission and the Commodity Futures Trading Commission to move quickly to formulate rules.
Strategy Resumes Bitcoin Buying With 4,603 Coins for $370 Million
Strategy, the company formerly known as MicroStrategy, has resumed buying Bitcoin after a summer of selling, adding 4,603 coins over three weeks for a total price of $370 million at an average of $80,318 per coin. The purchases are tiny relative to the market: they represent just 0.02% of Bitcoin's market cap and roughly 1.2% of a single day's Bitcoin trading volume, which hovered around $30 billion in the last month according to CoinMarketCap. Strategy holds 845,050 coins, about 4% of all Bitcoin that will ever exist, but its largest-ever weekly buy added only 55,500 coins, or 0.28% of the supply available at the time just before Thanksgiving 2024. The company's track record suggests its buying does not steer prices: in January it spent $3.4 billion on 35,932 coins at prices around $91,519 and $95,284, and Bitcoin subsequently fell, with Strategy's average purchase price sliding from $87,974 to $67,710 by mid-February. Strategy's net Bitcoin acquired in the third quarter is negative 950, so the largest corporate holder has started buying again but is not yet a net buyer for the quarter.
Analyst Model Sees 97% Upside for Strategy if Bitcoin Reclaims $120,000
Strategy, the company formerly known as MicroStrategy, could see its shares reach $400 if Bitcoin reclaims $120,000, according to a 24/7 Wall St. model that projects 96.7% upside to a base-case target of $254.93. The stock trades at $129.60, down 14.71% year to date and 60.46% over one year, with a beta of 3.597, after Bitcoin closed at $75,584 on September 15. The company holds 846,000 BTC at an average cost near $76,000, and CEO Phong Le said it grew bitcoin holdings by 11% while reducing convertible debt by 18% to $6.7 billion. Wall Street's consensus price target is $226.20 across 2 strong buys, 12 buys, and 1 hold, while the model's bull scenario reaches $391.94. The thesis hinges on Bitcoin holding above $120,000, a favorable resolution to MSCI delisting risk that Polymarket traders price at 78%, and continued growth in Bitcoin-per-share, which management grew 5% in the second quarter.
Bitcoin ETFs Shed $450 Million After Clarity Act Fails in Senate
A dozen U.S. spot Bitcoin ETFs saw $450 million U.S. in outflows on Sept. 15, the biggest one-day redemption since June 25th of this year, after the Digital Asset Market Clarity Act failed to advance in the U.S. Senate. The legislation received 50 votes for and 49 votes against, below the minimum 60 votes needed to move it forward, effectively ending any chance of it clearing the Senate this year with Congress expected to be divided in January following November midterm elections. The vote sent cryptocurrency stocks such as Coinbase Global and Strategy sharply lower, while Bitcoin's price dropped 4% and fell below $76,000 U.S. Analysts say the next test for Bitcoin will be the U.S. Federal Reserve, which is expected to raise interest rates by 25 basis points today, Sept. 16, with traders pricing in a 92% chance of an increase, the first since July 2023. BTC is trading at $75,850 U.S. on Sept. 16.
Coinbase, Strategy and Robinhood Edge Higher After Senate Blocks Clarity Act
Coinbase Global shares rose 1% to $174 in early Wednesday trading even after the U.S. Senate rejected cloture on the Clarity Act, the digital-asset market structure bill, by a tally of 50 in favor and 49 against, short of the 60 votes needed to advance. Four Republican senators joined Democrats in voting against the measure, which the president had publicly backed and which the crypto industry spent hundreds of millions of dollars lobbying to pass. Strategy stock climbed 1% to $130.66 and Robinhood Markets rose 0.57% to $111.08, with both names having already priced in a defeat before the vote. The iShares Bitcoin Trust ETF slipped 0.2% to $43.03 while the SPDR S&P 500 ETF Trust gained 0.35% to $760.03, leaving the Bitcoin proxy lower even as crypto equities and the broad tape traded green. With Congress heading toward recess ahead of the midterms, regulatory momentum for the sector may shift from legislation to actions by the SEC and the CFTC, while the next catalysts for Strategy and Robinhood run through Bitcoin's price and the Federal Reserve decision later today.
Strategy Pauses Bitcoin Buying Again, Shifts US$139.3m to STRC Buybacks
Strategy Inc. paused Bitcoin purchases for a second straight week, redirecting company reserves toward buybacks of its STRC preferred shares. The firm has directed US$139.3m into STRC preferred repurchases under a US$2b framework, a move that leans into its digital credit story as concerns build around its capital structure and the sustainability of the program. Strategy operates as a bitcoin treasury business within the software sector, using its US$52.6b scale to manage digital asset exposure across the US and several international regions. Critics are questioning whether ongoing buybacks funded from internal resources can be maintained without reshaping Strategy's broader capital framework, keeping attention on payout obligations, refinancing options and the trade off between supporting STRC pricing and preserving dry powder for future BTC or AI initiatives. The next earnings release capturing this buyback window is the clearest checkpoint, with focus on updated STRC outstanding balances, preferred dividend coverage, remaining authorization under the repurchase program, and any change in Strategy's stance on resuming Bitcoin purchases alongside its AI and Mosaic partnership updates.
Senate Blocks Digital Asset Market Structure Bill; Crypto Stocks Slide
The Senate blocked a landmark digital asset market structure bill in a procedural vote Tuesday, sending crypto-related stocks sharply lower. The legislation failed to reach the 60 votes needed to advance. Coinbase declined more than 9%, while Circle Internet Group dropped over 9.6%; Strategy fell roughly 5%, and Bitmine Immersion Technologies lost more than 7%. The bill would have given the Commodity Futures Trading Commission primary authority to regulate the digital assets industry, and Democrats blocked the measure citing concerns over ethics provisions designed to address President Donald Trump's crypto business interests. Senate Republican leaders released an updated version of the Clarity Act late Sunday night that added measures to expand state attorneys general's ability to enforce ethics provisions and further limit crypto companies from offering rewards or interest to stablecoin users, including a circuit-breaker for the Treasury Department to prohibit such rewards, interest or yield. Democrats said the ethical guardrails for the president and other elected officials holding cryptocurrencies did not go far enough, particularly in light of Trump's $1.4 billion crypto windfall, and the defeat comes less than two months before the midterm elections in November.
Strive Reaches 25,000 BTC Holdings, Strategy Sees No Trades for Second Straight Week
US-based Strive announced on September 14 in a Form 8-K filing with the US Securities and Exchange Commission that it acquired an additional 469 BTC between September 8 and 11 at an average price of $77,954 per BTC. The total purchase amounted to approximately $36.56 million, bringing its holdings to exactly 25,000 BTC, a slowdown from the 1,375 BTC acquired the previous week. CEO Matt Cole said the funds were entirely covered by the sale of its SATA preferred stock, with SATA's outstanding issuance exceeding $1 billion. The amplification ratio, calculated by dividing the sum of preferred stock and debt by BTC net asset value, rose to 53.5%. Strive aims to rise to second place among listed companies by BTC holdings, currently ranking fifth, but overtaking Twenty One Capital would require buying roughly 1,234 BTC per week over the remaining 15 weeks. Meanwhile, Strategy neither bought nor sold BTC between September 8 and 13, with holdings flat at 845,050 BTC for the second consecutive week. Instead, it repurchased 1,420,467 shares of its STRC preferred stock for $139.3 million, bringing its dollar reserves to $5.1 billion.
Strategy Repurchases $139 Million of STRC Stock, Bitcoin Holdings Unchanged
Strategy repurchased $139 million of STRC stock, leaving its Bitcoin holdings unchanged and bringing STRC close to par after it traded above $98. The company funded the buyback through a discretionary cash reserve rather than selling any MSTR shares or buying or selling any Bitcoin, so MSTR shareholders were not diluted further. Strategy holds 845,050 Bitcoin, a position that hosts on "The Daily Wolf with Scott Melker" argued rules out insolvency or bankruptcy despite market narratives that the company would be forced to sell $10 billion in Bitcoin a week. The host said he expects STRC to float back to par, adding that he had recommended buying STRC in the 70s or 80s.
Strategy Buys Back $139 Million of STRC, Bitcoin Holdings Unchanged at 845,050 BTC
Strategy repurchased 1,420,467 shares of its STRC preferred stock for $139.3 million in the week to September 13, according to an 8-K filed with the Securities and Exchange Commission on Monday. That pulled back from the $176.3 million the Bitcoin treasury company spent the previous week, when its board doubled the authorization behind its digital credit securities repurchase program to $2 billion, leaving about $1.05 billion available under that program while a separate $1 billion authorization for MSTR common stock sits untouched. The company bought and sold no Bitcoin during the period, leaving its holdings unchanged at 845,050 BTC for a second consecutive week; Strategy acquired that stack for $63.73 billion at an average price of $75,412 per coin, inclusive of fees. Strategy repurchased none of its STRF, STRK, or STRD preferred shares and bought back no MSTR common stock, while its dollar balances stood at $5.10 billion in the USD Reserve and $1.30 billion in USD Cash as of September 13, down from $1.44 billion a week earlier. The buyback slowdown comes as Strategy awaits word on an MSCI proposal that could strip non-operating companies like Strategy from its global equity benchmarks, with feedback closing September 30 and a decision due October 16.
Strategy Halts Bitcoin Buys, Spends $139 Million on Stock Buyback
Michael Saylor's Strategy, formerly MicroStrategy, did not buy any new Bitcoin in its latest weekly report, leaving its holdings unchanged at 845,050 BTC. Instead, the world's largest corporate Bitcoin buyer used $139 million for a stock buyback, a rare tactical shift for the company. The move marks a pause in Strategy's long-running accumulation strategy, which had made it the largest corporate holder of the cryptocurrency.
Strategy Shares Gain 32.4% in a Month as Earnings Loom
Strategy closed at $130.97, up 1.87% on the day, outpacing the S&P 500's 0.86% gain, while the Dow added 0.98% and the Nasdaq rose 0.96%. Over the previous month, shares of the business software company gained 32.4%, beating the Finance sector's 1.79% loss and the S&P 500's 1.96% loss. For the upcoming quarter, the company's projected EPS is $21.49, a 155.23% increase from the same quarter a year earlier, with consensus revenue estimated at $130.4 million, up 1.33%. For the full year, Zacks Consensus Estimates put earnings at -$23.74 per share and revenue at $503.53 million, changes of -55.88% and +5.51% respectively from last year. Over the past month the Zacks Consensus EPS estimate moved 0.08% higher, and Strategy currently carries a Zacks Rank of #5 (Strong Sell).
Strategy's $250 Bitcoin-Themed Air Jordan Sneakers Sell Out Without Crypto Payment Option
Strategy Inc.'s limited-edition Bitcoin-themed sneakers, inspired by Nike Inc.'s Air Jordan 1, have sold out after launching on the company's official Strategy Store on Tuesday. The shoe, priced at $250, features leather overlays, a mid-top silhouette and orange branding tied to the company's Bitcoin identity, compared with the regular Air Jordan 1's U.S. range of $110 to $185 depending on model. The store's listed payment options included cards, Apple Pay and Google Pay, but not Bitcoin or any other cryptocurrency. The launch came as Strategy reported no Bitcoin purchases last week, leaving its stash unchanged at 845,050 BTC, acquired for $63.73 billion at an average price of roughly $75,412 per coin, while the company repurchased 1.81 million shares of its STRC for $176.3 million using dollar reserves. Strategy had previously ended a two-month Bitcoin buying drought by acquiring 4,603 BTC for $370 million at an average price of $80,318 per coin.
US Castle Offers Automatic Bitcoin Conversion of Strategy Preferred Stock Dividends
US Castle has announced a new feature that allows individual account holders to receive dividends on Strategy's preferred stock "STRC" in any desired proportion of cash and bitcoin. The entire dividend can be taken in cash or bitcoin, and once set, the preference automatically applies to future dividends. Strategy pays the dividend in cash, and Castle executes the bitcoin purchase on behalf of the holder based on the settings. STRC is a floating-rate preferred stock with a par value of $100, and the annual dividend rate for entitlement dates after September 2026 is 12%, but it is subject to monthly adjustments and is not a guaranteed yield. Following shareholder approval in June, Strategy now pays dividends twice a month, and Castle is automating execution in line with this cycle.
Strategy buys $176M STRC in sudden pivot from bitcoin
Strategy has repurchased 176 million of STRC and increased the size of its digital credit securities repurchase program from $1 billion to $2 billion, while still holding 845,050 Bitcoin and $6.5 billion in USD assets. The repurchase aims to push STRC back to par near $100, and the company used its secondary cash reserve rather than diluting shareholders. Meanwhile, Metaplanet shares fell nearly 10% after an option pool review and CEO statement, revealing that the executive pool grew by approximately 273.5 million shares, nearly seven times its original size. In other news, a white-hat hacker exploited a bug in elements, the software underlying Liquid, creating approximately 4,000 LBTC without depositing BTC, and then withdrew nearly 4,000 genuine Bitcoin, about 95% of Liquid's reported reserves. Cronos executed a controversial blockchain rollback to recover crypto worth $111 million, reversing $111.2 million of the exploit and discarding 10,961 blocks. Once-hyped Ethereum rival Harmony wants to shut its blockchain over AI threats, with the remaining organization planning to pivot into an AI video remix economy. A two-key breach could hand control of $91 billion USDT to hackers, as Tether's two-of-three multi-sig setup on Tron poses a risk. Finally, Hunter Biden and his laptop enter the cryptosphere with a new memecoin called Laptop, with a huge part of the pool airdropped to people who lost money on the Trump token.
Strategy Repurchases $176M Preferred Stock, Pivots from Bitcoin Buying
Strategy has repurchased $176 million of its preferred stock, marking a shift away from its bitcoin-buying strategy. The company also increased its digital credit securities repurchase program from $1 billion to $2 billion. Despite the pivot, Strategy still holds 845,050 Bitcoin and $6.5 billion in USD assets. The repurchase aims to push the preferred stock back to par near $100, with shares trading between $97 and $98. Notably, Strategy funded this buyback using its secondary cash reserve, not its original reserve for dividends and expenses, and did not dilute shareholders. The flexible USD cash declined from approximately $1.61 billion to $1.44 billion, while Bitcoin holdings remained untouched. This move highlights Strategy's unique scale and liquidity to defend its complex capital structure, a capability that imitators may lack.
Bitcoin Holds Firm as Correlation with Gold Declines Ahead of US CPI
Bitcoin (BTC) is holding above $79,500, but with expectations of a Federal Reserve rate hike strengthening ahead of the September 11 US Consumer Price Index (CPI) release, the outlook for a breakout above $82,300 is becoming increasingly uncertain. Over the past week, the correlation between BTC and gold has weakened significantly, with the correlation coefficient between the two assets falling to 0.27 by September 6 (Sunday), after reaching a three-year high of approximately 0.92 on August 28. This decline in correlation suggests that BTC is not following gold's price movements but is instead reacting to its own liquidity conditions and derivative market positioning. Despite stronger rate hike expectations following robust US employment data, BTC has remained resilient, and from a technical perspective, buyers appear to have the upper hand as long as it stays above $79,500. The key to continued upside is a breakout above $82,300, while on the downside, $76,000-$77,000 are the main levels to watch. Additionally, the announcement of additional purchases by Strategy, the corporate holder of the world's largest Bitcoin reserves, is drawing attention from market participants.
Bitcoin Holds Near $80,000 as Strategy Buys More and US Crypto Vote Looms
Bitcoin traded near $80,000 on Sunday, up 0.43% at $79,979.7, as investors weighed continued corporate demand against a volatile 2026 performance. Strategy, the largest corporate buyer, raised $602.8 million through stock sales and used $369.7 million to purchase 4,603 bitcoin, lifting its holdings to 845,050 BTC. The company has issued $20.9 billion in equity this year, funding ongoing purchases. Meanwhile, the U.S. Senate is nearing a procedural vote on the CLARITY Act, which would establish a federal market structure for digital assets and split oversight between the CFTC and SEC, with the cloture motion set to ripen on September 15. Ripple CEO Brad Garlinghouse called U.S. crypto leadership 'within reach' after an August White House meeting. Despite the constructive backdrop, Bitcoin remains down about 9% for the year, and Bitwise Europe data shows that removing the five strongest trading days would turn that decline into a 36% loss, underscoring the concentration of gains.
Strategy Now Holds More Reserve Capital Than All S&P 500 Financial Firms Except Berkshire
Michael Saylor announced that Strategy Inc. now holds more Total Reserve Capital than any other financial-services company in the S&P 500 except Berkshire Hathaway, with Berkshire at $364 billion and Strategy at $66 billion. Total Reserve Capital is Strategy's own metric, calculated as reserve assets minus senior claims, and for Strategy it consists mostly of its Bitcoin holdings and dollar assets. The company currently holds 845,050 BTC worth $65.79 billion, making it the world's largest corporate Bitcoin holder, plus about $6.71 billion in total dollar assets, with $5.1 billion set aside as a safety net for debt interest and preferred dividends. In June, Strategy introduced a Digital Credit Capital Framework allowing up to $1.25 billion in BTC monetization, and it recently ended a two-month buying drought by acquiring 4,603 BTC at an average price of $80,318 per coin.
US Bitcoin ETF Funds Break Record with $731 Million Inflow
US spot Bitcoin ETFs saw their highest single-day net inflow of $730.9 million on Thursday since mid-January, largely driven by BlackRock's IBIT fund, which attracted $454 million. This follows their strongest month since September 2025, with total inflows of $3.5 billion last month. Analysts attribute the surge to comments by Fed Governor Christopher Waller, who signaled holding interest rates steady if inflation cools. Bitcoin was trading around $80,950, and related stocks such as MicroStrategy, Coinbase, and Circle all rose.
Bitcoin Surges Past $81,000 on BOJ Intervention Speculation
Bitcoin's price surged more than 5%, breaking above $81,000, while the U.S. dollar index (DXY) fell to around 99 amid speculation that the Bank of Japan (BOJ) intervened in the yen again. The USD/JPY pair dropped from 158.5 to 155.4, reflecting a dollar depreciation of about 2.5% in a short period. Analysts from the account The Macro Paper noted that such a move does not happen without significant intervention, drawing parallels to the third quarter of 2024 when the BOJ intervened and raised interest rates simultaneously. This latest move follows the Japanese Ministry of Finance's disclosure that it spent over 15.4 trillion yen (approximately $98 billion) to support the yen from late July to August 26. The U.S. has also confirmed its participation in coordinated intervention. Meanwhile, BOJ board member Hajime Takata has signaled the possibility of aggressive or consecutive rate hikes to curb inflation, while BOJ Governor Kazuo Ueda has indicated that another rate hike could occur within this month. This has led Polymarket, a prediction market, to slash the probability of the BOJ holding rates steady from 12% to just 1%, while the odds of a 0.25% rate hike on September 18 are now priced at 98%. Historically, periods of DXY weakness have often coincided with strength in the crypto market, which partly explains Bitcoin's recent rally. Arthur Hayes, Chief Investment Officer of Maelstrom, commented that the FIMA Repo Facility could help ease liquidity in the global financial system. Bitcoin-related stocks like Strategy (MSTR) also rose, with shares up 8.6% and gaining over 70% from their late June lows. However, analysts remain divided on whether this intervention will trigger broader concerns about an unwinding of carry trades.
Bitcoin Up 25% in August but Transaction Numbers at Six-Month Low: Bullish or Bearish?
Bitcoin rose 25% in August, but the number of transactions on the blockchain fell by about 25% from 18.8 million in July to 14.17 million in August, marking a six-month low. Active addresses also declined from 18.35 million to 14.09 million, raising questions about the strength of the rally given the slowdown in network activity. Meanwhile, US spot Bitcoin ETFs saw net inflows of about $3.52 billion in August, and corporate treasury demand also expanded. Strategy purchased 4,603 BTC for approximately $369.7 million, bringing its total holdings to 845,050 BTC. The key question going forward is whether institutional demand can compensate for the lackluster participation of retail investors.
On September 4, the three major A-share indices opened higher across the board, with the ChiNext index rising more than 1%, and sectors such as digital currency, semiconductor chips, and CPO leading gains. Digital currency concept stocks were active, with Sifang Jingchuang hitting the 20cm daily limit, and multiple stocks including Hengbao, Cuiwei, and Chutianlong also hitting their daily limits. In terms of news, Federal Reserve Governor Waller said that if inflation continues to slow, he would lean toward supporting the Fed keeping rates unchanged, prompting traders to lower their bets on Fed rate hikes from 63% yesterday to 60%. Affected by this, cryptocurrencies rose across the board, and overnight US digital currency concept stocks surged, with Strategy up more than 17%, Circle up more than 16%, and Coinbase up more than 10%.
Strategy CEO Defends Bitcoin Trades, Sees Heavy Bull Market Ahead
Strategy Inc. CEO Phong Le defended the company's decision to sell Bitcoin at lower prices and buy at higher prices, saying the moves strengthen its balance sheet and equity value. In a Bloomberg Television interview, Le said the firm does not regret selling Bitcoin in the $60,000 range to fund stretch dividends, and that selling MSTR at a premium to buy Bitcoin is the right trade. He does not foresee further Bitcoin sales as the company enters what he calls a 'pretty heavy bull market,' expecting to buy Bitcoin at $80,000, $90,000, $100,000, and even at an all-time high of $130,000. Strategy recently resumed purchases after a two-month pause, acquiring 4,603 BTC at an average price of $80,318 per coin, following a period of balance-sheet cleanup that included selling $429 million worth of Bitcoin.
Bitcoin Fluctuates Near $77,000 as ETF Outflows and Fed Rate Hike Expectations Rise
Bitcoin traded around $77,000 on Wednesday morning, down slightly 0.13% in 24 hours. Meanwhile, U.S. spot Bitcoin ETFs saw net outflows of $236.46 million on Tuesday, reversing from August's cumulative inflows of over $3.5 billion. The market has increased the probability of a Fed rate hike at the September 15-16 meeting to 70.2%, up from 41.43% the previous week, after Fed Chair Kevin Warsh signaled he does not believe inflation is truly slowing. WTI oil prices rose to $90.78 per barrel, and the 10-year U.S. Treasury yield hit its highest level since January 2025, pressuring risk assets. The Fear and Greed Index remains in the Greed zone at 61-70, and long positions on Binance account for 56.3% of all accounts. Meanwhile, Remixpoint, a Japanese company, sold all its Ethereum, Solana, XRP, and Dogecoin on September 1, raising a total of 878.8 million yen (approximately $5.5 million) with a profit of 117.8 million yen (approximately $737,000). It still holds about 1,506 Bitcoins, worth $115.3 million. Phong Le, CEO of Strategy, confirmed that selling Bitcoin at $60,000 before buying back at $80,000 was the right decision. The company holds a total of 845,050 Bitcoins, with a market value of around $65 billion, and has zero net debt.
Lance Vitanza, an analyst at U.S. investment bank TD Cowen, has set a year-end target price of $97,500 for Bitcoin. Bitcoin is currently trading in the $77,000 range, implying about 26% upside to the target. The new target is not a bullish call expecting record highs, but rather a realistic adjustment that factors in bottoming and market recovery toward year-end. The firm had previously forecast Bitcoin reaching $141,277 by the end of 2025 and $177,000–$225,000 in 2026–2027, but the revision significantly lowers those figures. The base-case scenario for the end of 2026 has also been cut from roughly $140,000 to about $100,000. Vitanza explained that the downward revision reflects recent weak price action rather than structural or fundamental deterioration, and pointed to regulatory clarity and potential inclusion in major indices as catalysts for a rebound. In related stock assessments, the firm lowered its price target on Strategy, the U.S. company that holds a large amount of Bitcoin, from $400 to $260, while maintaining a "Buy" rating. It also initiated coverage on Strike, a U.S. company, with a price target of $32 (implying 33% upside), based on a forecast that it will accumulate more than 27,100 BTC by the end of 2026.
Strategy CEO Predicts Bitcoin at $260K, Plans Buying at $130K
Strategy CEO Phong Le has backed Bitcoin to eventually reach $260,000 and said the company could continue buying even after BTC enters record-price territory. Speaking to Bloomberg, Le defended the company's decision to sell roughly 7,000 BTC, claiming it was managing its capital. He said the sale represented just 0.83% of Strategy's current Bitcoin position, which totals 845,050 BTC, and that the company increased its assets by 34% over two months while reducing net debt from approximately $7 billion to zero. Le added that he does not currently expect further sales as Bitcoin enters what he called a "pretty heavy bull market," and that Strategy could continue to accumulate at levels exceeding Bitcoin's existing record high. The comments arrived days after Strategy returned to the market following a 10-week pause, acquiring 4,603 BTC for $369.7 million between Aug. 24 and Aug. 30, according to an SEC filing. Trader Ted Pillows also expects Bitcoin to reach $100,000 in 2026, but only after a strong weekly close above $83,000, while prediction-market traders on Kalshi price just a 25% chance of Bitcoin touching $100,000 before January 2027.
MicroStrategy Resumes Bitcoin Buying with 4,603 BTC Purchase
MicroStrategy has resumed its Bitcoin accumulation after a ten-week pause, purchasing more than 4,600 BTC and reaffirming its position as the largest publicly traded corporate Bitcoin holder. The company funded the purchase with newly issued shares, raising US$602.8 million by issuing 4.53 million new shares, which were also used for preferred share repurchases, dividends, and cash reserves. This brings MicroStrategy's total holdings to 845,050 BTC at an average cost of US$75,412 per coin. Executive Chairman Michael Saylor reiterated support for the company's Bitcoin-focused approach, describing it as part of a long-term accumulation plan. MicroStrategy now describes itself as a bitcoin treasury company, with a market cap of about $51.1 billion, and its stock is closely tied to sentiment around its large Bitcoin position.
Strategy Buys $370M of Bitcoin in First Purchase Since June
Strategy has resumed buying Bitcoin after a summer of selling, purchasing 4,603 BTC for $369.7 million at an average of $80,318 per coin, its first acquisition since June. The company had sold 6,948 BTC between May and August for about $432.5 million, roughly $62,250 per coin, to fund preferred dividends and buybacks when its equity funding route closed. Now that MSTR stock has recovered, Strategy sold 4,531,421 shares for $602.8 million net, allocating $369.7 million to Bitcoin, $151.8 million to STRC buybacks, $50.7 million to preferred dividends, and $30 million to cash. Other treasury companies also stepped in, with Strive adding 1,800 BTC for about $143 million and Bitmine making its largest Ethereum purchase since June. The move signals a potential shift in corporate treasury strategy as Bitcoin ETFs saw $217 million in net inflows and ETH ETFs saw $88 million.
Bitcoin Firm as Strategy Resumes Purchases After Two Months
Bitcoin continues to consolidate at high levels, with a firm undertone expected. Strategy resumed buying Bitcoin after a two-month pause, signaling improved market sentiment. The company raised approximately $600 million through a common stock offering, allocating $370 million to Bitcoin purchases, $150 million to preferred stock buybacks, $50 million to dividends, and the remaining $30 million to cash. After selling 6,916 BTC in four tranches starting June 30, it bought 4,603 BTC this time, a classic 'sell low, buy high' pattern. Meanwhile, Strive also purchased 1,800 BTC, equivalent to about 8% of its Bitcoin holdings. Deteriorating Iran tensions and rising Fed rate hike expectations cap upside, but corporate Bitcoin buying provides support. This Friday's jobs report and next week's CPI are the key focuses.
Michael Saylor Hints Strategy May Resume Bitcoin Purchases
Michael Saylor fueled speculation on Sunday that Strategy Inc. could resume its Bitcoin purchases following a pause of more than two months. Saylor posted the company's accumulation chart on X, using orange circles to highlight the firm's Bitcoin purchases, and wrote "We're ₿ack." In many cases, these weekend posts preceded purchase disclosures on the following Monday. Strategy, the world's largest corporate Bitcoin holder, has paused its BTC purchases, with the last reported acquisition on June 22. The company shifted focus to capital raising, strengthening cash reserves and managing its balance sheet, and it also began selling its Bitcoin. As of this writing, Strategy holds 840,447 BTC, worth more than $72 billion, with nearly $9 billion in unrealized losses on its Bitcoin holdings. Saylor's comments came after Bitcoin rebounded in the second half of August, rising to $80,000, and the cryptocurrency has gained 23% in the past month.
Strategy Returns to Buying Bitcoin Again, Acquires 4,603 BTC Worth $370 Million
Strategy has resumed purchasing Bitcoin for the first time since June, spending $370 million to acquire 4,603 BTC. This purchase marks the company's re-entry into the market, led by Michael Saylor, which had previously paused its buying. This investment reflects the company's long-term confidence in Bitcoin and significantly increases Strategy's total Bitcoin holdings.
Bitmine buys 53,501 ETH, holds 4.9% of total supply
Bitmine Immersion Technologies announced on August 31 that it acquired 53,501 ETH over the past week. This brings its holdings to 5,901,112 ETH, reaching 4.9% of Ethereum's total supply of 120.7 million ETH. This marks the 65th consecutive week of accumulation since purchases began in June 2025, reaching 98% of the target holding ratio of 5%. At a valuation of $2,511 per ETH, the total is approximately $14.8 billion (about 2.368 trillion yen). Decrypt calculated the acquisition cost at approximately $131 million (about 21 billion yen), reporting it as the largest purchase since June. The company's chairman, Tom Lee, noted that ETH outperformed the S&P 500 by 5,430 basis points in the third quarter, stating that crypto assets are significantly outperforming other macro assets, laying the groundwork for institutional investors to increase their crypto holdings. Treasury companies are also active: Strategy acquired 4,603 BTC for $369.7 million (about 59.152 billion yen) from August 24 to 30, bringing its holdings to 845,050 BTC. Strive also added 1,800 BTC, bringing its holdings to 23,156 BTC, rising to fifth place among listed companies. Bitmine is the world's largest ETH treasury and remains second overall in crypto treasuries after Strategy, but according to DropsTab data, its current unrealized loss is approximately $5.1 billion (about 816 billion yen). In Japan, TORICO also added 25.8642 ETH on the same day, August 31, bringing its total acquired quantity to 2,945.9375 ETH and total acquisition cost to 1.24582 billion yen. Although the scale is vastly different, the trend of accumulating ETH as a revenue-generating asset is also reaching Japan.
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