Firm allocates $1.59 billion to new USD Cash pool for Bitcoin treasury operations after selling 18.26 million MSTR shares.
Strategy raised $2.01 billion by selling 18.26 million MSTR shares between August 17 and 23. The proceeds were split, with $136.4 million used to repurchase STRC preferred shares and $300 million added to its USD Reserve.
The remaining $1.59 billion was allocated to a newly established USD Cash pool, earmarked for Bitcoin treasury activities, debt service, or share buybacks. As of August 23, the firm’s USD Reserve totaled $5.10 billion, while its Bitcoin holdings remained unchanged at 840,447 BTC.
No Bitcoin purchases or sales were made during the period, leaving the company’s crypto assets stable.