Strategy CEO Says Bitcoin Buying Will Resume After STRC Returns to Par

Strategy, the largest corporate holder of Bitcoin, plans to resume accumulating the cryptocurrency after its STRC preferred stock returns to par value.

Phong Le, Strategy’s chief executive officer, told Bloomberg in an interview cited by BitcoinTreasuries.net on X on July 15 that the company intends to restart Bitcoin accumulation once STRC recovers to par. It also plans to keep building dollar reserves, which Le said is an effective way to increase Bitcoin holdings per share.

Building enough dollar reserves to cover dividend payments for the next two to three years is central to the company’s capital plan for issuing additional preferred shares over the longer term, he said.

Strategy has recently shifted its focus to preserving cash liquidity, suspending Bitcoin purchases after June 22. The company sold 3,588 Bitcoin during the week from late June through July 5. It also raised about $457 million through common-stock sales in the seven days through July 12.

Lance Vitanza, an analyst at TD Cowen, said the latest disclosure was an early sign that management had begun executing the capital-allocation strategy it outlined about two weeks earlier. He said the strategy is aimed at strengthening the balance sheet rather than expanding Bitcoin holdings.