Strategy raised $2.006 billion between August 17 and 23 by selling over 18 million MSTR shares on the market. The company purchased no bitcoin with these funds and maintained its holdings unchanged at 840,447 BTC, acquired at an average price of $75,385 per unit for a total of $63.36 billion. It created a new liquidity pool called USD Cash, holding $1.59 billion that can be used for future BTC purchases or to pay obligations. In total, Strategy now holds $6.69 billion in cash between USD Reserve and USD Cash, marking a shift from Michael Saylor’s historical strategy of quickly converting share issuances into bitcoin.
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