Strategy said its dollar liquidity rose to $6.69 billion as of Aug. 23, based on a U.S. Securities and Exchange Commission filing and a post from Executive Chairman Michael Saylor. The company’s USD Reserve increased to $5.1 billion, and it also set up a new $1.59 billion USD Cash balance. According to the disclosure, those funds can be used to purchase BTC, pay preferred stock dividends and interest, repurchase shares, or repay convertible debt. Over the past week, Strategy reported net proceeds of $2.007 billion from MSTR sales. Of that amount, $300 million was added to reserves, $136.4 million was used to repurchase STRC, and most of the remainder went into USD Cash. The company also said it neither bought nor sold BTC during the period, leaving its holdings unchanged at 840,447 BTC, or about 4% of total supply. Strategy added that net leverage was about zero, USD Duration rose to 3.9 years, and STRC BTC Credit fell to 59 basis points.
Strategy’s dollar liquidity climbed to $6.69 billion as of Aug. 23, according to a filing with the U.S. Securities and Exchange Commission and a post from Michael Saylor.
The company said its USD Reserve increased to $5.1 billion, while a new $1.59 billion USD Cash position was established.
Strategy said the funds may be used to buy BTC, pay preferred stock dividends and interest, repurchase shares, or repay convertible debt.
During the past week, the company generated net proceeds of $2.007 billion from MSTR sales. Of that total, $300 million was used to replenish reserves, $136.4 million went to STRC repurchases, and most of the rest was allocated to USD Cash.
Over the same period, Strategy did not buy or sell BTC. Its holdings remained at 840,447 BTC, equal to about 4% of total supply. The company also said net leverage was about zero, USD Duration rose to 3.9 years, and STRC BTC Credit fell to 59 basis points.
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