Strategy Boosts USD Reserve to $4.80 Billion, Repurchases $132M of STRC

Strategy Inc. disclosed in its latest SEC Form 8-K that it sold 3,458,866 shares of Class A common stock (MSTR) for net proceeds of $333.7 million during the week of August 10 to August 16, 2026. The company allocated the proceeds across three uses: $52.4 million funded dividend payments on its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC), $132.2 million funded the repurchase of 1,388,720 shares of STRC under the Digital Credit Securities Repurchase Program, and $149.1 million was added to the USD Reserve.

No Bitcoin was bought or sold during the period. Holdings remained unchanged at 840,447 BTC, with an aggregate cost basis of $63.36 billion (average purchase price of $75,385 per BTC).

These actions lifted Strategy’s USD Reserve to $4.80 billion as of August 17, 2026. According to the company, the larger buffer increased USD Duration by 41 days to 2.8 years and tightened STRC’s Bitcoin credit spread by 4 basis points to 114 bps. The reserve is intended to support preferred-stock dividends and interest on outstanding indebtedness.

Under the $1 billion Digital Credit Securities Repurchase Program, Strategy has now retired a total of more than 3.7 million STRC shares across recent weeks. Approximately $653.0 million remains available under the preferred-stock repurchase authorization, while the separate $1.0 billion MSTR common-stock repurchase program remains fully available. No shares of STRF, STRK, or STRD were sold or repurchased during the period.

This week’s filing continues the capital-management pattern Strategy has followed since late June: steady issuance of MSTR equity to grow the USD Reserve and fund preferred-stock obligations and buybacks, while leaving the core Bitcoin treasury intact. Unlike the prior two weeks, when modest Bitcoin sales helped finance STRC repurchases, the company funded all activity this period exclusively through equity proceeds.

With cash reserves now at $4.80 billion and coverage extended to 2.8 years, Strategy has further strengthened its ability to service preferred dividends through an extended Bitcoin price drawdown without needing to monetize additional BTC. The remaining repurchase capacity and large ATM headroom leave the company with continued flexibility to shrink future preferred dividend obligations while preserving its long-term Bitcoin accumulation strategy.