The largest corporate holder of Bitcoin in the world, Strategy (NASDAQ: MSTR), told the SEC that it has created a $1.59 billion pool that it can deploy for Bitcoin purchases whenever it chooses.

The new cash pool disclosed by the Saylor-led company in a filing on August 24, 2026, may also be used for dividends, share repurchases, or debt-related purposes, depending on board discretion. Strategy, the software company formerly known as MicroStrategy, has been accumulating Bitcoin since August 2020, funding purchases with an increasingly structured mix of common-stock sales, convertible notes, and preferred stock — a toolkit expanded under the $42 billion "21/21" capital plan announced in late 2024.

What is Strategy's new dollar reserve?

Strategy calls the new dollar reserve its “USD Cash” account, and it is separate from the original USD reserve established under the Digital Credit Capital Framework unveiled in late June 2026.

As of August 23, Strategy’s USD Cash balance stood at $1.59 billion, while its USD Reserve totaled $5.10 billion. Combined, the company now holds about $6.69 billion in cash dollars.

The key difference between the two dollar pools is how management may use them. The company’s $5.10 billion USD Reserve is specifically designated to pay dividends on preferred stock and interest on debt.

By contrast, USD Cash may be used to buy Bitcoin, pay dividends and interest, repurchase MSTR or preferred shares, repay or redeem convertible notes, or add funds to the USD Reserve itself, according to Strategy’s 8-K, the SEC form used for material corporate disclosures. Because the funds are already raised, any of these uses could be carried out without further market issuance.

Did Strategy sell Bitcoin this week?

For the period ended last Friday and reported by Strategy on Monday, August 24, 2026, the company said it did not sell any Bitcoin. The roughly $2 billion it raised came from selling 18,261,118 shares of MSTR common stock through its at-the-market program, the equity-issuance channel at the center of its recent capital plans.

The proceeds were allocated as follows:

• $136.4 million to repurchase 1,431,212 shares of its STRC preferred stock.
• $300 million to the USD Reserve.
• $1.57 billion to the new USD Cash account.

Under the Digital Credit Capital Framework, Strategy still has authorization to direct another $516.6 million toward STRC buybacks at the board’s discretion. A separate $1 billion authorization to repurchase MSTR common stock remains unused.

When will Strategy start buying Bitcoin again?

Strategy did not buy Bitcoin during the week ending August 23, and the 8-K confirms its last purchase was in June. The company said its holdings stand at 840,447 BTC, acquired for an aggregate $63.36 billion at an average price of $75,385 per coin. That represents close to 4% of all Bitcoin — a supply capped at 21 million coins under the protocol’s rules — with what the company describes as near-zero net leverage. No other corporate holder approaches that scale, though a growing roster of companies, from Japan’s Metaplanet to a string of smaller U.S. firms, has copied the playbook.

The move to build cash came after a difficult stretch. STRC, the variable-rate preferred stock Strategy uses to raise funds at par and one of several preferred series it has issued since early 2025, fell as low as $71.25 in late June before recovering to around $95 by late August, according to bitcointreasuries.net. Earlier in the summer, when Bitcoin was underwater, some observers warned that the company could be forced to sell coins to meet its preferred-stock obligations.

The timing improved as Bitcoin rallied past $77,000, pushing Strategy’s holdings back above their cost basis for the first time in about three months, Cryptopolitan reported. MSTR closed at $119.25 on August 21 after a roughly 28% weekly gain, and the stock traded near $123 in pre-market trading on August 24, according to Google Finance. Strategy reports this activity weekly, so the next Monday filing will show whether the board deploys the new pool and toward which of its authorized uses.