Strategy, the world’s largest public company holding Bitcoin, raised approximately $2 billion through common stock sales last week while making no new Bitcoin purchases.
According to a Monday filing with the US Securities and Exchange Commission, the company sold 18.26 million MSTR shares between Aug. 17 and Aug. 23 via its at-the-market offering program. During this period, Strategy held its Bitcoin holdings steady at 840,447 BTC, which were acquired for $63.36 billion at an average price of $75,385 per Bitcoin.
From the proceeds, Strategy repurchased about 1.43 million of its STRC preferred shares for $136.4 million, added $300 million to its US dollar reserve, and directed the remaining funds to a newly launched US dollar cash account. As of Sunday, the company reported $5.1 billion in its reserve and $1.59 billion in the new cash account, bringing total cash across both pools to $6.69 billion.
The company stated that the new cash account provides management with increased flexibility to respond to market conditions. The funds can be utilized for purposes including Bitcoin purchases, preferred-stock dividends, debt payments, and securities repurchases.
Strategy originally established its US dollar reserve in December 2025 with $1.44 billion to support preferred-stock dividends and interest payments on outstanding debt. The firm accelerated its cash buildup in June to support active capital management, growing its reserve from $900 million at the end of May to $5.1 billion by Sunday.
