Strategy Creates New USD Cash Pool to Boost Flexibility in Market Conditions

Strategy has introduced a new liquidity component called 'USD Cash' within its Digital Credit Capital Framework, according to a recent filing with the Securities and Exchange Commission. This new pool will allow management to deploy U.S. dollar liquidity for various purposes, including acquiring Bitcoin, paying preferred stock dividends and debt interest, repurchasing stock, and repaying convertible notes.

The existing USD Reserve policy remains unchanged and continues to be designated specifically for preferred stock dividends and interest payments. As of August 23, 2026, Strategy reported a USD Reserve balance of $5.10 billion and a USD Cash balance of $1.59 billion. These figures include expected cash proceeds from shares sold under the company's at-the-market offering program that had not yet settled.

During the period from August 17 to August 23, 2026, Strategy sold 18,261,118 shares of MSTR Class A common stock through its ATM program, generating net proceeds of approximately $2.01 billion. Of those proceeds, $136.4 million was used to repurchase preferred stock, $300.0 million was used to increase the USD Reserve, and the remainder was added to the USD Cash account.

Strategy also reported that it made no Bitcoin purchases or sales during the week. As of August 23, 2026, the company held 840,447 Bitcoin, acquired at an aggregate purchase price of approximately $63.36 billion, at an average price of $75,385 per Bitcoin.