TLDR:
- Strategy increased its USD Reserve to $5.10 billion and added a new $1.59 billion cash pool.
- The company repurchased $136.4 million of STRC preferred stock during the latest reporting week.
- Strategy sold 18.26 million MSTR shares to fund reserves, cash and the STRC repurchase.
- Its Bitcoin holdings remained at 840,447 BTC, representing nearly 4% of total Bitcoin supply.
Strategy strengthened its balance sheet this week, boosting cash reserves and continuing its bitcoin-focused capital program.
The company disclosed the update in a Form 8-K filed with the SEC on August 24, 2026. Strategy raised its USD Reserve to $5.10 billion and established a new $1.59 billion USD Cash pool.
The firm also repurchased $136 million of its STRC preferred stock. As of August 23, 2026, Strategy holds close to 4% of the total bitcoin supply with near-zero net leverage.
Strategy Adds USD Cash to Its Capital Framework
Strategy introduced USD Cash as a new layer within its Digital Credit Capital Framework. The pool is a separately designated source of U.S. dollar liquidity.
Management may use it for bitcoin purchases, preferred dividend payments, and interest on outstanding debt. The funds can also support stock buybacks or convertible note repayments.
The existing USD Reserve policy stays unchanged under the update. That reserve remains earmarked specifically for preferred stock dividends and debt interest.
USD Cash is designed to work alongside it rather than replace it. Strategy first outlined the broader framework in a filing on June 29, 2026.
The company said the added flexibility should help it react faster to market shifts. This includes potential dislocations in bitcoin prices or in the trading of Strategy’s own securities.
As of August 23, the USD Reserve stood at $5.10 billion. The new USD Cash balance reached $1.59 billion during the same period.
Strategy shared the figures through its official channel on X, formerly Twitter. The company wrote that it had increased its USD Reserve, added USD Cash, and repurchased $136 million of STRC.
The post also noted the firm’s roughly 4% share of total bitcoin supply. Net leverage across the balance sheet remained close to zero.
ATM Sales and Repurchase Activity Continue
Strategy’s at-the-market program saw activity in its Class A common stock during the week. The company sold 18,261,118 MSTR shares under the ATM between August 17 and August 23.
Proceeds from those sales were split across three purposes. Roughly $136.4 million funded the STRC repurchase noted above.
Another $300 million from the common stock sales went toward increasing the USD Reserve. The remaining proceeds were directed into the new USD Cash account.
No shares were sold under the STRF, STRK, or STRD preferred stock programs this period. Availability under those programs ranged from roughly $1.6 billion to $19.7 billion.
On the buyback side, Strategy repurchased 1,431,212 shares of STRC stock for $136.4 million. That leaves $516.6 million available under the Digital Credit Securities Repurchase Program for preferred shares.
No MSTR common stock was repurchased during the week. The company still has $1.0 billion available under its separate MSTR buyback program.
Bitcoin holdings remained unchanged this week, with no purchases or sales recorded. Strategy’s total holdings stand at 840,447 BTC.
The average purchase price across all holdings is $75,385 per coin. The company continues to publish weekly updates through its investor dashboard at strategy.com.
