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Strategy boosts cash reserves to $3 billion, skips Bitcoin buys

The company raised $467 million by issuing common stock and generated about $215 million from prior Bitcoin sales since July 22, supporting $1.76 billion of annual dividend and interest obligations.

Reported · Written up by our desk · Market Structure

Strategy continued building its cash position to $3 billion and skipped buying more Bitcoin for a third straight week, according to Decrypt.

The firm lifted cash reserves by issuing common stock, raising $467 million during the period. It also generated about $215 million in proceeds from selling Bitcoin since July 22, leaving its Bitcoin holdings valued around $11 billion underwater at the company’s recent stockpile level.

Strategy’s Bitcoin buying “machine” stayed in neutral while management prioritized cash cushion growth. In a note cited by Decrypt, Benchmark-StoneX Managing Director Mark Palmer said the latest capital markets activity added roughly 18% to cash reserves in a single move, providing more than 20 months of coverage for annual dividend and interest obligations totaling $1.76 billion.

The shift follows Strategy’s adoption of a capital management framework that formalizes conditions for when it can sell its Bitcoin holdings. On Monday, Decrypt reported Strategy’s 843,775 Bitcoin was valued around $53 billion, with the proceeds earmarked for dividends and debt.

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