Strategy · Bitcoin · Michael Saylor · CryptoSlate
Strategy’s $4.6 billion cash buffer gives it almost 3 years before Bitcoin sales create real stress
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
◌ Single Source
Strategy said it held 840,447 BTC as of Aug. 9 and has begun treating its Bitcoin reserve as a source of balance-sheet flexibility.
Key facts
- Michael Saylor said Strategy sold $108 million in Bitcoin and $653 million in MSTR shares to increase its dollar reserve by $650 million, and repurchased $109 million of STRC, its variable-rate
- On Aug. 10, Saylor said the company’s dollar reserve had increased by $650 million to $4.65 billion
- Strategy also repurchased $109 million of STRC and extended what Saylor called its dollar duration by 143 days to 2.7 years
- QR Capital co-founder João Paulo Mayall estimated in an Aug. 11 thread that Strategy sold $213 million of Bitcoin over two weeks, about 0.4% of its position
Summary
01 Strategy said it sold $108 million in Bitcoin, raised $653 million from MSTR shares, and repurchased $109 million of STRC. 02 The moves lifted its dollar reserve to $4.65 billion and extended duration to 2.7 years, adding balance-sheet flexibility. 03 The open question is whether future Bitcoin sales stay voluntary, or grow as dollar coverage weakens and obligations tighten. Michael Saylor said Strategy sold $108 million in Bitcoin and $653 million in MSTR shares to increase its dollar reserve by $650 million, and repurchased $109 million of STRC, its variable-rate preferred stock.