Strategy Extends Dollar Runway by 143 Days Amid BTC Sales

Strategy, a company led by Michael Saylor, has managed to extend its dollar runway by 143 days to 2.7 years after increasing its dollar reserve by $650 million.

The company's move is significant because it shows that Strategy is treating its Bitcoin reserve as a source of balance-sheet flexibility.

As of August 9, the company held 840,447 BTC and has begun repurchasing STRC, its variable-rate preferred stock, with some of the proceeds from the sale.

The company's primary goal remains to be a net buyer of Bitcoin, but selective sales can coexist with long-term accumulation when dollars improve reserve coverage or preferred-stock support improves.