Strategy made no Bitcoin purchases or sales in the week to August 16, leaving its holdings unchanged at 840,447 BTC, according to an 8-K filed Monday. The pause ended a run of weekly disposals that had funded the company's dividends and buybacks since June.

The Bitcoin treasury company instead raised $333.7 million net by selling 3,458,866 MSTR shares at an average price of about $96.48, down from $99.17 the week before. The filing splits the proceeds three ways: $52.4 million to pay dividends on its STRC preferred stock, $132.2 million to buy that stock back, and $149.1 million added to its dollar reserve. The company's remaining Bitcoin stack carries an average purchase price of $75,385.

Confirming the moves in an official announcement, Strategy wrote on X:

Strategy increased its USD Reserve by $150M and repurchased $132M of $STRC. This increased USD Duration by 41 days to 2.8 yrs and tightened STRC's BTC Credit by 4 bps to 114 bps. As of 8/16/26, we hold ₿840,447 in our BTC Reserve and $4.8B in our USD Reserve. $MSTR …

— Strategy (@Strategy), August 17, 2026 (X post)

The preferred buyback took in 1,388,720 STRC shares and leaves $653 million remaining under the $1 billion Digital Credit Securities Repurchase Program announced on June 29. A separate $1 billion authorization covering MSTR stock remains untouched.

The dollar reserve, which Strategy holds against preferred dividends and interest, reached $4.8 billion, up from $4.65 billion a week earlier. That reserve and the STRC repurchases sit alongside the company’s Bitcoin treasury strategy, giving the latest filing a broader capital-allocation context than the BTC balance alone.

The selling pauses

Strategy has sold 6,948 BTC for around $432.5 million since May, beginning with 32 BTC — its first disposal since 2022 — and running through three consecutive weekly sales in July and August. Last week's sale of 1,690 BTC raised $108.6 million, which went directly into buying back the same preferred stock that this week's equity issuance covered.

Those disposals fall under a capital framework introduced in June that permits up to $1.25 billion of Bitcoin sales to fund dividends, interest, buybacks and the reserve. About $429 million of that capacity has been used, leaving roughly $820 million, and none of it was drawn last week.

The company has not bought Bitcoin since June either. At around $63,500, where Bitcoin traded Monday, Strategy's holdings are worth about $53.4 billion against the $63.36 billion it paid — a shortfall of around $9.9 billion.