Strategy Executive Chairman Michael Saylor has thrown his support behind the CLARITY Act while confirming that Strategy will keep the dividend on its STRC preferred shares at 12%. At the same time, he dismissed speculation that the company plans to sell billions of dollars’ worth of Bitcoin, stressing that Strategy expects to remain a net buyer of BTC over the long term. Saylor also hinted that the company could soon resume Bitcoin purchases, even as it continues managing its preferred stock program and cash reserves.
I support advancing the CLARITY Act through bipartisan work to establish clear, durable rules, protect property rights, promote innovation, and strengthen American capital markets. Bitcoin will succeed with or without legislation, but America needs clarity for digital assets. https://t.co/LYqpPb5zKL
— Michael Saylor (@saylor) July 31, 2026
Saylor called on American politicians to advance the CLARITY Act before Congress starts its August break in a post on X over the weekend. He said a clear legal framework was important for the greater digital asset market if the US wanted to remain competitive. He insisted that regulation was not necessary for Bitcoin to succeed.
The proposed legislation aims to clarify the responsibilities of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in managing digital assets. Supporters of the law believe it would reduce regulatory uncertainty and encourage greater institutional engagement in the bitcoin sector.
Strategy also issued a statement backing the legislation, calling it an important step toward creating a stable and lasting market structure for digital assets. Saylor’s endorsement adds to a growing list of industry voices, including Grayscale and Abra CEO Bill Barhydt, who have urged the Senate to act before lawmakers leave Washington for the August break.
Away from regulation, Strategy confirmed that the dividend on its Nasdaq-listed STRC preferred shares will remain at 12% for August despite the stock continuing to trade below its $100 par value. The shares closed at $89.46 on Friday after gaining 5.42% during July. August will also mark the second month in which dividends are paid on a semi-monthly basis following shareholder approval earlier this year.
CEO Phong Le reiterated that the company’s long-term objective is for STRC to trade between $99 and $100. Strategy has also built a $3.75 billion U.S. dollar reserve, which it says is enough to cover more than two years of preferred dividend payments and interest obligations. The company recently repurchased $25 million worth of STRC shares at a discount and intends to continue buying them while they remain below par.
Saylor also moved to clear up reports suggesting Strategy had approved the sale of up to $5 billion in Bitcoin after reporting an $8.22 billion second-quarter net loss. He explained that the figure relates to the company’s previously announced Bitcoin monetization program, unveiled in June, and does not require any Bitcoin sales.
Correction: Strategy announced its BTC Monetization Program on June 29—31 days before our Q2 results, not after posting a loss. We have never had a “never sell” policy. The program does not require any BTC sale, and we expect to remain a net buyer of Bitcoin over time.
— Michael Saylor (@saylor) August 1, 2026
“We have never had a ‘never sell’ policy,” Saylor said, adding that the monetization program is flexible and that Strategy still expects to remain a net buyer of Bitcoin over time. His comments came after media reports linked the authorization to the company’s quarterly loss, which was largely driven by unrealized declines in the value of its Bitcoin holdings.
Bitcoin Drive engaged. pic.twitter.com/sFpTPiMdak
— Michael Saylor (@saylor) August 2, 2026
Although Strategy has paused its regular weekly Bitcoin purchases for five consecutive weeks, Saylor hinted that buying activity could soon resume by posting his familiar “Bitcoin Drive engaged” message alongside a chart tracking the company’s acquisitions.
Strategy currently holds 843,775 BTC, acquired for approximately $63.69 billion at an average purchase price of $75,476 per Bitcoin. The company remains the world’s largest corporate holder of Bitcoin, and investors will be watching closely to see whether another purchase announcement arrives in the coming days.
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