- Strategy secured approximately $2 billion last week by selling 18.26 million shares of its common stock, according to a Monday filing.
- The Bitcoin treasury company directed $300 million from the raise into its USD Reserve and spent $136.4 million on the repurchase of 1.43 million STRC preferred shares.
- The remaining capital was moved into a newly created “USD Cash” pool, giving Strategy a separate source of liquid funds.
- By Aug. 23, Strategy had accumulated $5.1 billion in its USD Reserve and $1.59 billion in USD Cash, putting its total dollar liquidity at roughly $6.69 billion.
- The existing USD Reserve is designated for preferred-stock dividend payments and interest obligations on Strategy’s debt.
- The new USD Cash account can be used for a wider range of purposes, including buying Bitcoin, repurchasing MSTR or preferred securities, paying down convertible notes, replenishing the USD Reserve or covering other corporate requirements.
- Strategy said the expanded cash position gives it more flexibility to respond rapidly to market opportunities and disruptions involving Bitcoin or its securities.
- The company did not conduct any Bitcoin transactions during the week ended Aug. 23, leaving its holdings unchanged at 840,447 BTC, worth roughly $65.6 billion, for the second week in a row.
- Strategy’s Bitcoin stash was acquired for approximately $63.36 billion at an average cost of $75,385 per BTC, including fees and expenses.
- Strategy has so far repurchased around $483.4 million in preferred stock through its $1 billion Digital Credit Securities Repurchase Program. About $516.6 million remains available under the authorization.
- The company’s separate $1 billion program to buy back MSTR common shares remains unused.
- MSTR was up about 1.2% at nearly $121 in Monday’s premarket trading, while STRC stood near $96.49. Bitcoin continued to trade above $78,000.
Strategy Adds $2B to Cash Reserves After Selling MSTR Shares
