Strategy Skips Bitcoin Buying as Dollar Reserve Reaches $4.8 Billion

Strategy kept its Bitcoin position unchanged last week while directing fresh equity proceeds toward its U.S. dollar reserve, STRC share repurchases, and dividend funding. 

The company held 840,447 BTC as of Aug. 16, with no purchases or sales recorded from Aug. 10 through Aug. 16. Its Bitcoin holdings were acquired for $63.36 billion at an average price of $75,385 per BTC.

Strategy generated $333.7 million in net proceeds by selling 3.46 million MSTR shares during the period. It allocated $149.1 million of that amount to its U.S. dollar reserve, bringing the reserve to $4.80 billion.

Another $132.2 million was allocated to repurchasing 1.39 million STRC shares, while $52.4 million was used to fund STRC dividends.

Source: Strategy