Strategy Shifts From 100% Bitcoin Allocation To Cash And BTC Mix

Michael Saylor confirms Strategy will hold cash alongside BTC, abandoning pure Bitcoin allocation. Analysts maintain Buy ratings, citing STRC par-value restoration as the new core objective for financing.

Woofun AI reports that Strategy Executive Chairman Michael Saylor indicated during the Q2 earnings call that the firm may no longer allocate nearly "100% of its funds to Bitcoin," potentially adopting a combined strategy of holding both cash and BTC. Saylor remarked, "Perhaps the best way to buy the most Bitcoin is not to buy the most Bitcoin immediately."

TD Cowen and Benchmark maintained their Buy ratings on Strategy, noting that management’s core goal has shifted toward restoring STRC preferred stock to near par value to reinstate its function as a financing tool. Analysts Lance Vitanza and Mark Palmer emphasized that executives focused heavily on returning STRC to the $99–$100 range, viewing this restoration as essential for raising capital to purchase Bitcoin, despite recent price deviations.