Strategy Builds $6.69B Cash Reserve
Strategy is abandoning its 'never sell' Bitcoin posture, selling BTC to fund dividends and rebuild cash reserves while its preferred stock, share price, and accumulation model face mounting stress.
Strategy raised approximately $2 billion through MSTR common-share sales and established a new "USD Cash" pool of about $1.59 billion, per its filing, bringing total USD reserves to roughly $6.69 billion — enough to cover about 47 months of dividends and debt interest, per coverage. Its 840,447 BTC was unchanged for a second week. The filing says the new pool can address dislocations in the markets for bitcoin or Strategy's securities.
USD Cash: the pot that's really a lever
Two straight weeks without buying Bitcoin. Instead, Strategy sold $2 billion of its own stock and parked the money in dollars.
The filing says the new $6.69 billion pot can be used for "dislocations in the markets for bitcoin or Strategy's securities." It's essentially a war chest that can buy the dip — or defend the company's own shares and preferred stock when they wobble.
Either way, the machine that turned stock sales into coins now turns stock sales into dollars, held in reserve against trouble. The world's biggest Bitcoin buyer is spending this rally building a buffer for everything it wrapped around the Bitcoin.
A week before its September $100 target for STRC comes due, that's not a detail. That's the job description changing.
12 sources
- Strategy’s USD liquidity reaches $6.69B, enough to cover 47 months of dividends and debt interest · cryptobriefing.com · T2
- Strategy raises USD reserve to $5.10 billion, adds $1.59 billion cash pool, keeps 840,447 BTC · en.coin-turk.com · T2
- Strategy Raises $2B As Bitcoin Holdings Stay Flat For The Week · newsbtc.com · T2
- Strategy Raises $2B Selling MSTR Stock, Establishes 'USD Cash' Pot · decrypt.co · T1
- BLOOMBERG LAW: Strategy Sets Up Reserve That Can Be Used to Buy Bitcoin (2) · news.bloomberglaw.com · T2
- Strategy can’t get STRC back to parity · protos.com · T2
- Strategy launches $1.6B cash pool after $2B common shares raise, maintains hold on BTC buys · cointelegraph.com · T1
- Strategy raises $2 billion through MSTR sales and creates new USD Cash pool · coindesk.com · T1
- Strategy's USD reserves increased by $1.885 billion to $6.685 billion · panewslab.com · T2
- Strategy Again Skips Bitcoin Buy And Establishes USD Cash Dollar Reserve · bitcoinmagazine.com · T2
- While Bitcoin Rises, Strategy Still on Hold! Founder Michael Saylor Makes Big Claims About BTC! · en.bitcoinsistemi.com · T2
- Strategy emerges as key swing factor for Bitcoin rally, Bitfinex says · crypto.news · T2