MicroStrategy Halts Bitcoin Purchases, Boosts Cash Reserves to Record High
Michael Saylor's firm, MicroStrategy, has paused Bitcoin purchases from August 17-23, 2026. During this time, it sold shares to raise $2.01 billion and boost its total cash reserves to a record $6.69 billion.
The company maintains a non-leveraged position and is prepared for potential market volatility or strategic moves in the future.
This new financial strategy balances cash and Bitcoin holdings to strengthen the company's balance sheet, allowing for stock buybacks and greater flexibility to respond to market opportunities.