Strategy Maintains 840K BTC Stash as Cash Reserve Grows and STRC Buybacks Continue

Strategy raised $333.7 million last week through the sale of 3.46 million common shares, according to a filing released Monday.

The company, led by Executive Chairman Michael Saylor, left its Bitcoin holdings unchanged during the week ending Aug. 16, making no purchases or sales. Its Bitcoin stash remained at 840,447 BTC, acquired for $63.36 billion at an average cost of $75,385 per coin, including fees and expenses.

Strategy directed $132.2 million from the stock sale toward the repurchase of 1,388,720 STRC preferred shares. It used another $52.4 million to fund STRC dividends and added approximately $150 million to its U.S. dollar reserve.

The company’s cash reserve grew to about $4.80 billion as of Aug. 16, providing 2.8 years of dollar liquidity. Strategy says the reserve will help cover preferred-stock dividends and interest payments on its outstanding debt.

Following the latest transactions, roughly $653 million remains available under Strategy’s preferred-stock buyback program, while its MSTR common-stock repurchase authorization has $1 billion remaining.

MSTR rose 1.3% in premarket trading, while Bitcoin gained more than 1% over the previous 24 hours, trading near $63,500.