Crypto
Strategy Holds 843,706 BTC and Has Pivoted From "Never Sell" to "Never Be a Net Seller"

Strategy (MSTR) disclosed holdings of 843,706 Bitcoin as of May 31, 2026, with an aggregate purchase price of $63.87 billion. The company has shifted its operating principle from "never sell Bitcoin" to "never be a net seller," a structural change in how the largest corporate BTC holder communicates with markets. Also notable: STRC (Stretch), its flagship Digital Credit preferred stock instrument, has grown to $3.4 billion. About 1,400 institutions hold MSTR, including BlackRock, Capital Group, Fidelity, and pension funds like CalPERS. The treasury company model is becoming an institutional-grade structured product, not just a directional BTC bet.