Strategy has halted new Bitcoin purchases over the past week, despite raising around $2 billion by selling common shares. At the same time, the company announced the creation of a new $1.59 billion cash account, a move that gives it greater flexibility in managing its obligations and financing its future needs.
According to a filing submitted to the U.S. Securities and Exchange Commission on Monday, the company sold 18.26 million shares of MSTR shares between August 17 and 23 through an at-the-market offering program. From the proceeds of this transaction, Strategy repurchased about 1.43 million preferred STRC class shares worth $136.4 million, and added $300 million to its U.S. dollar reserve, while the remainder of the proceeds were directed to the new cash account.
The company said its balance in the established reserve reached $5.1 billion, along with $1.59 billion in the new cash account as of Sunday, bringing Strategy’s total cash liquidity across both accounts to $6.69 billion.
Greater flexibility in managing obligations
Strategy said the new cash account gives management greater ability to respond to market conditions, and it can be used for multiple purposes, including buying Bitcoin, paying preferred stock dividends, servicing debt, and repurchasing securities. Despite this capability, the company did not carry out any Bitcoin purchases or sales during the week, keeping its holdings at 840,447 BTC.
The data showed that these holdings were acquired for $63.36 billion, at an average price of $75,385 per Bitcoin.
Rapid accumulation of cash
This step is part of a broader course to bolster the company’s liquidity. Strategy had set up a U.S.-dollar reserve in December 2025 worth $1.44 billion to support preferred stock dividends and interest payments on outstanding debt. The company also stepped up its cash-building pace in June, shifting to a more active capital management approach to keep up with the distribution obligations and rising interest payments, while maintaining its long-term exposure to Bitcoin.
Strategy’s U.S. dollar reserve also rose from $900 million at the end of May to $5.1 billion by Sunday, before adding the new cash account of $1.59 billion.
This shift reflects that the company remains committed to its Bitcoin-related strategy, but at the same time it is expanding its cash tools to provide greater flexibility in timing, funding, and managing obligations.