No BTC sale this week as Strategy builds USD reserve to $4.8B

Strategy (NASDAQ: MSTR) did not have fresh Bitcoin sales to report this week, with the main changes to the Saylor-led firm’s books coming from common stock sales that earned it $333.7 million, which it directed into paying dividends, buying back its own STRC preferred share and building its USD reserve to $4.8 billion.

The firm’s Bitcoin reserve remained unchaged at the 840,447 tokens reported in earlier Cryptopolitan coverage.

Did Strategy sell Bitcoin this week?

The SEC filing submitted on Monday, August 17, revealed that Strategy did not sell any BTC for the first time in three weeks.

Instead, the firm funded its $52.4 million in STRC dividend obligations and $132.2 million buyback of 1,388,720 STRC shares by selling 3,458,866 MSTR shares for $333.7 million. The rest of the funds it raised during the week went to topping up its dollar reserve by $150 million.

As of this Cryptopolitan report, Strategy controls an 840,447 BTC stack that it paid $63.36 billion for. The firm’s USD stash is now up to $4.8 billion, enough to cover up to 2.8 years of dividend payments.

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