Strategy has recently raised $333.7 million from the market over the past week. The money was obtained not by liquidating its crypto treasury, but through the sale of 3.46 million of its own MSTR shares between August 10 and 16, 2026, via an at-the-market offering scheme.
This maneuver breaks the company’s recent pattern. The latest report confirms that Strategy did not buy, let alone sell, a single Bitcoin during the seven-day period. Their digital asset holdings remain securely locked at 840,447 BTC, undiminished by a single cent.
Choosing to Sell Shares Instead of Coins
The decision to hold the coins automatically ends a streak of weekly asset offloading they had routinely run since June 2026. For comparison, prior to this week’s pause, Strategy had continuously trimmed its crypto holdings, offloading a total of 6,948 BTC, a release that provided them with a cash injection of approximately $432.5 million.
Now, instead of continuing to deplete its primary treasury, the company pulled another lever in the capital market. The proceeds from the MSTR share sale were directly allocated for two purposes. First, they repurchased 1.39 million STRC shares in a transaction valued at $132.2 million. Second, the remaining incoming funds were immediately diverted to bolster the company’s cash reserves.
Stockpiling Dollars to Pay Debt
The capital injection from the stock market pushed Strategy’s US dollar reserves to $4.80 billion as of August 16, 2026 - a figure that already accounts for share sale proceeds whose settlement processes are still pending. This stack of fiat currency is not just sitting idle. Management is holding it for a specific purpose, namely supporting dividend payment obligations for preferred shareholders as well as settling the company’s debt interest expenses.
While the cash treasury thickens, their crypto asset position remains firmly anchored on its massive capital. According to accumulation records up to this week, the entire stash of 840,447 BTC held by Strategy was acquired at a total cost of $63.36 billion - a value that includes all transaction costs. That acquisition figure puts their average purchase price at $75,385 per coin.
Pressure in the Stock Market
Despite raising hundreds of millions of dollars from its offering, the entity’s stock still felt minor pressure on the exchange floor. Ahead of the market open, the performance of STRC stock seemed somewhat subdued. In Monday’s pre-market trading, the stock price slipped 0.12% to settle at $94.67.
This series of financial decisions shows a practical reality for market observers: the company has other ways to seek cash liquidity without having to push Bitcoin’s price down, at least for now.
Reported from Cointelegraph.
Read also: What Is Bitcoin Halving?
Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
