Strategy Skips Bitcoin Buy, Adds $150M to Dollar Reserve

Buybacks and dividends take priority

Of the proceeds, $132.2 million went to repurchasing 1,388,720 shares of STRC, the company’s variable-rate preferred stock.

Another $52.4 million covered STRC dividends, while roughly $150 million was added to the firm’s U.S. dollar reserve.

That reserve now stands at $4.80 billion as of Aug. 16, extending Strategy’s USD duration to 2.8 years.

The cash pile exists to service dividend payments on preferred stock and interest on outstanding debt.

Capacity left on the shelf

After last week’s activity, Strategy still has $653 million available under its preferred-stock repurchase program and $1 billion under the MSTR common-stock repurchase program.

MSTR shares rose 1.3% in premarket trading.

Bitcoin gained more than 1% over the past 24 hours to trade near $63,500, a level that sits well below Strategy’s average cost basis.