Strategy pauses BTC buys, launches $1.6B cash pool after $2B raise
Summary
Strategy raised about $2 billion by selling 18.26 million MSTR shares through its at-the-market program from Aug. 17–23, while making no Bitcoin purchases. It also repurchased about 1.43 million STRC preferred shares for $136.4 million, added $300 million to its US dollar reserve, and placed the rest into a new cash account. The company ended the week with $6.69 billion in cash across those two pools. Management said the new cash account increases flexibility for Bitcoin buys, preferred dividends, debt payments, and share repurchases. Strategy’s Bitcoin holdings stayed at 840,447 BTC, bought for $63.36 billion at an average price of $75,385 per BTC.
