MicroStrategy Holds BTC Position, Saylor Backs Bitcoin's Long-Term Value

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MicroStrategy continues its long-term crypto strategy, holding its 840,447 BTC position as of last week. The firm boosted USD cash reserves to $5.10 billion and spent $136 million on share buybacks. Founder Michael Saylor reiterated his belief in Bitcoin’s long-term investing potential, citing its ability to pass the 'Bernard Arnault test' for lasting value.

Strategy, the world’s largest publicly traded Bitcoin holder, did not make any purchases this week, as has been the case for some time.

The company, which has been making headlines in recent weeks with its BTC sales, currently holds 840,447 BTC.

The Week of Rise Was Wasted!

According to a statement by Strategy founder Michael Saylor, Strategy neither bought nor sold Bitcoin last week.

“…As of 23/08/2026, Strategy owns approximately 4% of the total BTC supply and uses 0% net leverage.”

Instead, the company announced it had increased its USD reserves to $5.10 billion and created an additional $1.59 billion in USD cash reserves.

According to information shared by Strategy, MSTR generated $2 billion in capital through its sales.

“…USD Cash strengthens our Digital Credit Capital Framework and is separately reserved for general Bitcoin Treasury Corporation purposes; these purposes include BTC purchases, preferred dividends and interest payments, MSTR/preferred stock buybacks, convertible bond redemption, and increasing the USD Reserve.”

According to the announcement, the company also repurchased STRC shares worth $136 million. The statement said, “These transactions further strengthen STRC,” and noted that the period for making dividend payments using dollar reserves has been extended by 414 days, bringing the total to 3.9 years.

Saylor Sends a Message of Confidence in Bitcoin for the Next Ten Years!

While Strategy also spent the past week without making any BTC purchases, the company’s founder, Michael Saylor, made a noteworthy assessment regarding Bitcoin’s long-term investment potential.

In his post, Saylor stated that investors should think like billionaires, and that to measure the value of an asset, they should consider “whether someone richer than them would want to buy that asset 10 years from now.”

Saylor argued that Bitcoin meets this standard, which he described as the “Bernard Arnault test.” According to him, this measure shows that Bitcoin is an asset that wealthy individuals will want to buy not only today, but even a decade from now.

*This is not investment advice.

Continue Reading: While Bitcoin Rises, Strategy Still on Hold! Founder Michael Saylor Makes Big Claims About BTC!

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