Strategy Adds to Dollar Reserve Without Changing Bitcoin Holdings

Strategy, the Bitcoin treasury firm, announced that it did not buy or sell any bitcoin during the week ended Aug. 16. The company's bitcoin reserve remained unchanged at 840,447 BTC, acquired for $63.36 billion at an average price of $75,385 per bitcoin.

The firm used a portion of its proceeds from selling common stock to repurchase variable-rate preferred stock, STRC. It allocated $132.2 million towards this repurchase and another $52.4 million towards STRC dividends.

Strategy also added approximately $150 million to its U.S. dollar reserve, increasing it to $4.80 billion as of Aug. 16. This move is intended to support dividend payments on the company's preferred stock and interest payments on its outstanding debt.