Strategy, Inc. (NASDAQ: MSTR) has seen its Bitcoin (BTC) holdings drop by more than $6 billion year to date (YTD).
At the beginning of 2026, Strategy’s Bitcoin holdings were valued at about $37.16 billion but had dropped to $31.06 billion as of June 19, 2026, according to data from Arkham Intelligence. As such, Strategy’s BTC holdings have dropped by $6.12 billion YTD, representing a decline of about 16.47%.
The company’s BTC holdings declined in 2026 amid the notable Bitcoin price drop. Furthermore, the flagship coin has fallen by around 27.06% so far in 2026, with each coin declining by approximately $23,901.
Michael Saylor’s Strategy acquires Bitcoin in 2026
Although Strategy’s Bitcoin holdings are down by over $6 billion YTD, its trove has increased from 420,690 BTC at the beginning of this year to roughly 481,770 BTC at press time. As a result, Michael Saylor’s Strategy has acquired 61,070 Bitcoin so far in 2026, representing a 14.52% increase.
The company continued to leverage its at-the-market (ATM) equity program to increase BTC holdings in 2026. For instance, between June 8 and 14, 2026, the company sold 1,732,553 MSTR shares through its ATM program, raising $209 million, and used part of it to buy 1,587 Bitcoin.
Peter Schiff says BTC strategy is under stress
As Strategy bought over 61,000 BTC YTD via its ATM program, it has received criticism, including from Peter Schiff, the chief economist, and global strategists at Europac. Schiff has reiterated that Saylor’s Strategy could could be forced to sell BTC to pay dividends, as Finbold reported.
“The financial house of cards Saylor built is collapsing. MSTR’s per-share discount to its Bitcoin holdings is soaring, STRC is tanking, and Bitcoin itself is breaking down, taking the rest of crypto down with it,” Schiff noted.
Nonetheless, Saylor has downplayed criticism of the company’s Bitcoin strategy, potentially signaling more BTC accumulation in 2026.
