Strategy Inc. reported an update to its bitcoin and cash reserves on August 10, 2026, in a filing with the U.S. Securities and Exchange Commission. The Virginia-based company — the largest publicly traded corporate holder of bitcoin — increased its USD Reserve by $650 million and repurchased $109 million worth of its STRC preferred stock during the reporting period.

The moves extended the USD Reserve's duration by 143 days to 2.7 years and tightened STRC's bitcoin-backed credit spread by 10 basis points. As of August 9, 2026, Strategy held 840,447 bitcoin and $4.65 billion in its USD Reserve.

Strategy increased its USD Reserve by $650M and repurchased $109M of $STRC. This increased USD Duration by 143 days to 2.7 yrs and tightened STRC's BTC Credit by 10 bps. As of 8/9/26, we hold ₿840,447 in our BTC Reserve and $4.65B in our USD Reserve. $MSTR … — Strategy (@Strategy) August 10, 2026

USD Reserve Grows Through Stock Sales

Strategy funded the reserve increase through sales under its at-the-market (ATM) offering program, a mechanism the company has used consistently to raise capital as part of its broader treasury strategy. Between August 3 and August 9, 2026, the company sold 6,585,682 shares of Class A common stock, generating $653.1 million in net proceeds during the week.

Of that amount, $650 million went directly into the USD Reserve. The remaining $3.1 million was added to Strategy's general cash balance. The company confirmed the update in a post on its official X account, noting the capital allocation moves "tightened STRC's BTC Credit by 10 bps."

The USD Reserve exists to support dividend payments on Strategy's preferred stock and interest on its outstanding debt. As of August 9, 2026, its balance stood at $4.65 billion, a figure that includes cash expected from ATM shares sold but not yet settled.

Strategy retains substantial capacity under its equity programs. As of August 9, 2026, $17.51 billion in Class A common stock remained available for issuance. The company also holds $2.1 billion in unused capacity for its STRK preferred stock offering. Together, these figures indicate significant remaining runway for the company's capital allocation activities.

Bitcoin Sales Fund STRC Repurchases

During the same reporting period, Strategy sold 1,690 bitcoin, generating $108.6 million in proceeds at an average sale price of $64,262 per coin, net of fees and expenses. Those proceeds were used to repurchase shares of STRC stock.

Under the Digital Credit Securities Repurchase Program, Strategy bought back 1,152,020 shares of STRC for an aggregate purchase price of $108.6 million. The buyback tightened STRC's bitcoin-backed credit spread by 10 basis points, according to the company.

Following the bitcoin sale, Strategy's aggregate holdings stood at 840,447 coins as of August 9, 2026. The aggregate purchase price of those holdings reached $63.36 billion, representing an average purchase price of $75,385 per coin.

Strategy retains room to continue the repurchase program. As of August 9, 2026, $785.2 million remained available under the Digital Credit Securities Repurchase Program. A separate MSTR stock repurchase program, announced on June 29, 2026, still holds $1.0 billion in unused capacity.