Stock portfolios belonging to President Donald Trump unloaded shares of Strategy (formerly MicroStrategy) during June and the beginning of July, only to repurchase them weeks later ahead of an approximate 83% surge in the stock’s value.
This buyback was brought to light by a federal ethics disclosure published on September 22. Because MicroStrategy functions as the foremost corporate holder of Bitcoin, its equity value generally moves in tandem with the leading cryptocurrency.
How Trump’s Accounts Sold, Then Bought Back
The liquidation phase kicked off in June. Accounts offloaded Strategy shares on both June 23 and June 24, generating a combined total between $16,002 and $65,000. Just two days after that, the equity hit its summer low during trading hours at $81.81.
Data from Bitcoin Treasuries indicates that the newly released Office of Government Ethics filing tracks 1,156 transactions from July. It reveals an additional Strategy divestment on July 8 valued between $1,001 and $15,000.
Subsequently, accumulation began. The portfolios picked up between $1,001 and $15,000 worth of the stock on July 24, followed by another purchase of $50,001 to $100,000 on July 27. The disclosure document provides only dollar ranges rather than exact share quantities or purchase prices.
Records from StockAnalysis demonstrate that Strategy finished trading at $91.67 on July 24 and climbed to $167.33 by September 22. Quiver Quantitative, a platform monitoring politician trading activity, highlighted this 83% uptick.
The subsequent July 27 acquisition, executed when the stock closed at $98.65, reflects a gain of roughly 70%.
Why Strategy Stock Was Cheap in July
Throughout July, Strategy had paused its Bitcoin acquisitions. Its reserves remained static at 843,775 BTC while the firm issued fresh stock to generate capital.
Concurrently, investor enthusiasm waned. Metrics from Strategy indicate that daily trading volume for the stock averaged $1.7 billion over July, marking the lowest daily average of 2026. By September, that metric rebounded to $3.6 billion.
In the interim, Bitcoin prices rebounded to roughly $86,423 per token. MicroStrategy restarted its accumulation strategy, reporting a balance of 846,000 BTC as of September 21.
Who Actually Made the Trades
External asset management firms oversee the accounts, according to statements from the Trump Organization.
“Neither President Trump, his family, nor The Trump Organization plays any role in selecting, directing, or approving specific investments,” CBS reported, citing the Trump Organization.
Though the Strategy transactions represent a small fraction of the month’s total portfolio volume—which spanned $79 million to $270 million—Sen. Elizabeth Warren and Rep. Robert Garcia raised questions regarding the timing of these moves in an August correspondence.
Whether the accounts still retain ownership of these shares cannot be determined from the current disclosure. August trading activity will be detailed in the upcoming report.
Frequently Asked Questions
When did the Trump accounts sell and buy back MicroStrategy stock?
The accounts sold shares in June and on July 8, and subsequently bought back shares on July 24 and July 27.
How much did the stock rise after the July purchases?
The stock climbed about 83% from its July 24 purchase price by September 22, while a larger purchase on July 27 is up about 70%.
Who manages the stock accounts?
According to the Trump Organization, outside firms manage the accounts, and neither Donald Trump, his family, nor the organization participates in choosing or approving specific investments.
Why was the stock cheap in July?
Strategy had paused buying Bitcoin—holding 843,775 BTC while selling new shares—and experienced its lowest daily trading volume of 2026 at an average of $1.7 billion a day.
