Strategy Boosts Dollar Reserves by $150 Million, Expands USD Duration

Strategy, a company known for its Bitcoin holdings, has made significant moves in August. The company increased its dollar reserves by $150 million and repurchased $132 million of its STRC preferred stock.

This move extended Strategy's USD Duration metric tied to its dollar reserves by 41 days, bringing the total duration to 2.8 years. BTC Credit for STRC fell 4 basis points to 114 basis points.

As of August 16, Strategy held 840,447 BTC and had $4.8 billion in dollar reserves. The company's chairman, Michael Saylor, disclosed this update on X on August 17.