Strategy kept its Bitcoin holdings unchanged at 840,447 BTC last week as the company focused on strengthening its cash position following a major common stock sale.
The Bitcoin treasury company raised about $2 billion through sales of MSTR shares and used the proceeds to expand its liquidity reserves rather than purchase additional Bitcoin.
Strategy Raises $2 Billion Through MSTR Share Sales
According to a filing with the U.S. Securities and Exchange Commission, Strategy sold approximately 18.26 million MSTR shares between August 17 and August 23.
The shares were sold through the company’s at-the-market offering program.
Despite the sizeable capital raise, Strategy made no Bitcoin purchases or sales during the week, leaving its total BTC position unchanged.
Strategy Creates New $1.59 Billion Cash Account
Part of the proceeds from the stock sale was used to strengthen Strategy’s broader financial position.
The company repurchased approximately 1.43 million STRC preferred shares for $136.4 million.
Strategy also added another $300 million to its existing U.S. dollar reserve.
The remaining proceeds, totaling about $1.59 billion, were transferred into a newly created U.S. dollar cash account.
As of Sunday, Strategy reported approximately $5.1 billion in its main dollar reserve and another $1.59 billion in the new cash pool.
That brings the company’s combined cash position across the two accounts to roughly $6.69 billion.
New Cash Pool Gives Strategy More Flexibility
Strategy said the newly established cash account is designed to provide management with greater flexibility as market conditions change.
The funds could eventually be used for several purposes, including future Bitcoin purchases, preferred-stock dividends, debt repayments and share repurchases.
The move suggests that Strategy is maintaining the ability to return to the Bitcoin market while keeping substantial liquidity available for other financial obligations.
Strategy Bitcoin Holdings Stay at 840,447 BTC
Strategy currently holds 840,447 Bitcoin, maintaining its position as the largest publicly traded corporate holder of BTC.
The company acquired its Bitcoin holdings for approximately $63.36 billion.
Its average acquisition cost stands at around $75,385 per Bitcoin.
By avoiding additional purchases last week, Strategy temporarily paused the aggressive Bitcoin accumulation strategy that has become central to its corporate identity.
Strategy Continues Building Its Dollar Reserve
Strategy originally created its U.S. dollar reserve in December 2025, starting with approximately $1.44 billion.
The reserve was designed primarily to help cover preferred-stock dividends and interest payments on outstanding debt.
Since then, the company has significantly increased its cash position.
At the end of May, Strategy’s dollar reserve stood at around $900 million. By Sunday, it had climbed to $5.1 billion.
The rapid increase reflects a broader shift toward more active capital management as Strategy balances rising financial obligations with its long-term Bitcoin strategy.
Strategy Balances Liquidity With Long-Term Bitcoin Exposure
The latest capital raise shows that Strategy is placing greater emphasis on liquidity while maintaining its substantial exposure to Bitcoin.
Rather than immediately using new capital to acquire more BTC, the company is building a larger financial buffer that can support dividends, debt obligations and future investment opportunities.
With $6.69 billion in combined cash reserves and more than 840,000 BTC on its balance sheet, Strategy now has greater flexibility to respond to both Bitcoin price movements and changing capital-market conditions.
