Strategy, the largest publicly traded corporate holder of Bitcoin, suspended new purchases of the cryptocurrency after raising $2 billion through a stock sale. The company maintained its Bitcoin holdings at 840,447 BTC, unchanged from the prior week, according to an SEC filing dated Monday.
The Bitcoin treasury company sold 18.26 million shares of its stock between Aug. 17 and Aug. 23 under an at-the-market offering program, netting approximately $2 billion. Of the proceeds, Strategy repurchased about 1.43 million of its preferred shares for $136.4 million, added $300 million to its U.S. dollar reserve, and directed the remainder into a newly established $1.59 billion cash account. As of Sunday, the company reported $5.1 billion in its dollar reserve and $1.6 billion in the cash account, bringing total liquidity to $6.69 billion.
Strategy’s management cited the new cash account as a tool to enhance flexibility in responding to market conditions. The funds may be used for potential Bitcoin acquisitions, preferred-stock dividends, debt obligations, or share repurchases. The company has not executed any Bitcoin transactions in the past week, leaving its holdings at 840,447 BTC, acquired for a total of $63.36 billion at an average price of $75,385 per coin.
The firm initially established its dollar reserve in December 2025 with $1.44 billion to support preferred-stock dividends and debt interest payments. In June, Strategy accelerated its cash accumulation as part of a broader shift toward active capital management, aiming to meet rising dividend and interest obligations while preserving its long-term exposure to Bitcoin. The dollar reserve grew from $900 million at the end of May to $5.1 billion as of Sunday.
Strategy’s Bitcoin treasury reached a breakeven point in late June as the price of Bitcoin surpassed $77,000, according to a separate report.
