Strategy raised roughly $2 billion last week through the sale of 18.26 million MSTR common shares, according to a filing released Monday.
The Bitcoin-focused treasury company put $300 million of the proceeds into its USD Reserve and used another $136.4 million to repurchase 1.43 million shares of its variable-rate preferred stock, STRC.
The balance was transferred to a newly created liquidity account called “USD Cash,” giving Strategy another pool of capital it can deploy.
As of Aug. 23, Strategy had $5.1 billion in its USD Reserve and $1.59 billion in USD Cash, bringing total dollar liquidity to $6.69 billion.
Strategy’s USD Reserve is specifically intended to cover dividends on its preferred securities and interest expenses on outstanding debt.
The newly created USD Cash pool has broader uses. The company can deploy it to buy Bitcoin, repurchase MSTR or preferred shares, pay down convertible notes, add to the USD Reserve or cover other corporate expenses.
Strategy said the additional liquidity should give its management greater flexibility to react quickly to changing market conditions, including volatility or pricing dislocations involving Bitcoin and its securities.
Strategy did not purchase or sell any Bitcoin during the week ended Aug. 23. Its holdings remained at 840,447 BTC, valued at about $65.6 billion, for a second consecutive week.
The company accumulated its Bitcoin holdings for approximately $63.36 billion, with an average purchase price of $75,385 per BTC after including fees and related expenses.
Under its $1 billion Digital Credit Securities Repurchase Program, Strategy has now bought back approximately $483.4 million of preferred stock, leaving $516.6 million available.
Its separate $1 billion authorization for MSTR common-stock buybacks has not yet been used.
MSTR gained about 1.2% to nearly $121 in Monday’s premarket session, while STRC traded at approximately $96.49. Bitcoin remained above $78,000.
