Strategy reported no Bitcoin purchases or sales for the week ending August 16, keeping its total holdings steady at 840,447 BTC. The company has acquired those coins for a combined $63.36 billion, equating to an average cost of $75,385 per bitcoin.

Instead of moving bitcoin, the firm raised $333.7 million by selling approximately 3.46 million shares of its common stock, MSTR, under its at-the-market program. Proceeds were allocated across three priorities: repurchasing preferred shares, covering related dividends and expanding its U.S. dollar reserve.

Proceeds Allocation and Reserve Growth

Of the funds raised, $132.2 million went toward buying back STRC preferred shares, specifically 1,388,720 shares. Another $52.4 million covered dividend payments on the preferred stock. The remaining $149.1 million was added to the company’s dollar reserve, bringing that balance to $4.8 billion as of August 16.

The dollar reserve is maintained to support preferred dividends and related obligations. The recent addition extended the reserve’s coverage period and reduced the credit spread on the preferred securities by a small margin.

Approximately $653 million remains available under the existing $1 billion preferred share repurchase authorization. A separate $1 billion authorization for common stock has not been drawn.

Pause Follows Prior Bitcoin Sales

The decision to leave bitcoin untouched ended a stretch of weekly sales that began earlier in the summer. In the weeks before the latest reporting period, Strategy had sold 1,690 BTC and 1,638 BTC respectively, using those proceeds primarily for preferred share activity and reserve funding.

Across the year to date, the firm has sold a total of 6,948 BTC while purchasing a much larger volume of 167,947 BTC, remaining a net buyer overall. Management has indicated an intention to resume bitcoin acquisitions later in the year under its capital framework, which allows limited bitcoin sales to support dividends, interest, buybacks and the cash reserve.

About $429 million of the $1.25 billion capacity under that framework has already been used, leaving roughly $820 million available. None of that capacity was drawn during the most recent week.

Market Context

At recent market prices near $63,500, the company’s bitcoin holdings carry a market value of approximately $53.4 billion, below the total acquisition cost. Strategy continues to operate as a dedicated bitcoin treasury firm, balancing equity issuance, preferred capital management and its long-term bitcoin position.

The firm still has 21.7 million MSTR shares available for potential issuance under its current at-the-market program.