Strategy Pours $1.59 Billion into New Cash Pool for Bitcoin Purchases

Strategy Inc., a company founded by Michael Saylor, has established a new cash pool of $1.59 billion to buy Bitcoin and meet other corporate needs. The USD Cash will operate alongside its existing reserve, which now stands at $5.1 billion.

The company's shares and debt securities gained last week as Bitcoin approached $80,000. Strategy shares traded about 2.5% higher in pre-market on Monday, according to a filing.

Saylor posted on X that Strategy holds approximately 4% of the total Bitcoin supply and has roughly 0% net leverage as of August 23. The company did not buy or sell any Bitcoin in the week ended Sunday, according to the filing.