$650M Boost for Strategy's USD Reserve and Bitcoin-Backed Credit Spread

Strategy Inc., a Virginia-based company, has increased its USD Reserve by $650 million through sales under its at-the-market offering program. Between August 3 and August 9, 2026, Strategy sold 6,585,682 shares of Class A common stock, generating $653.1 million in net proceeds during the week.

The company used the funds to boost its USD Reserve, with $650 million going directly into the reserve and the remaining $3.1 million added to Strategy's general cash balance. The move extended the USD Reserve's duration by 143 days to 2.7 years.

Strategy also repurchased $109 million worth of STRC preferred stock using proceeds from the sale of 1,690 bitcoin at an average price of $64,262 per coin. Following the transaction, the company's bitcoin holdings stood at 840,447 coins, with an aggregate purchase price of $63.36 billion.