Strategy Inc filed an 8-K with the SEC on August 24, 2026, disclosing the establishment of a new "USD Cash" liquidity component within its Digital Credit Capital Framework, along with weekly updates on its ATM offering, bitcoin holdings, and share repurchase activity.

Key Highlights

  • New liquidity pool: Strategy established "USD Cash," a separately designated pool of U.S. dollar liquidity intended to complement the existing USD Reserve with more flexible deployment options.
  • USD Reserve balance: As of August 23, 2026, the USD Reserve stood at $5.10 billion.
  • USD Cash balance: As of August 23, 2026, the USD Cash balance stood at $1.59 billion.
  • MSTR Stock ATM sales: During August 17-23, 2026, Strategy sold 18,261,118 shares of Class A Common Stock, generating net proceeds of $2,006.5 million.
  • Bitcoin holdings unchanged: No bitcoin was purchased or sold during the period; aggregate holdings remained at 840,447 BTC with an aggregate purchase price of $63.36 billion at an average purchase price of $75,385.
  • STRC repurchases: Strategy repurchased 1,431,212 shares of Variable Rate Series A Perpetual Stretch Preferred Stock at an aggregate purchase price of $136.4 million during the period.

Strategy Inc Expands Dollar Liquidity Structure With USD Cash Designation

According to the filing, Strategy Inc (NASDAQ:MSTR) announced on August 24, 2026, the creation of "USD Cash," described as "a separately designated pool of U.S. dollar liquidity that the Company may retain for future deployment for general Bitcoin Treasury Company purposes." The filing states those purposes may include acquiring bitcoin, paying declared cash dividends on preferred stock, paying interest on outstanding indebtedness, repurchasing MSTR Stock or preferred stock, repaying or redeeming convertible notes, increasing the USD Reserve, and other similar purposes. The filing notes the existing USD Reserve policy is unchanged and that USD Cash "complements the USD Reserve by providing management with a more flexible source of liquidity."

On the ATM front, the filing reports that during August 17-23, 2026, Strategy sold 18,261,118 shares of MSTR Stock with net proceeds of $2,006.5 million. Of those proceeds, according to the filing, $136.4 million was used to fund repurchases of STRC Stock under the Digital Credit Securities Repurchase Program, $300.0 million was used to increase the USD Reserve, and the remainder was used to increase the USD Cash liquidity account. No preferred stock shares were sold under the ATM during the period. Remaining ATM availability as of August 23, 2026, included $19,694.2 million for MSTR Stock and varying amounts for each preferred stock series.

The filing also discloses that no bitcoin was purchased or sold during the August 17-23 period. Strategy's aggregate bitcoin holdings as of August 23, 2026, totaled 840,447 BTC, with an aggregate purchase price of $63.36 billion and an average purchase price of $75,385 per bitcoin, inclusive of fees and expenses. On the repurchase side, 1,431,212 shares of STRC Stock were repurchased for $136.4 million in aggregate. The filing states $516.6 million remains available under the Digital Credit Securities Repurchase Program, and $1.0 billion remains available under the MSTR Stock repurchase program, both announced on June 29, 2026.

What Was Disclosed

Strategy Inc reported the launch of a USD Cash liquidity pool under its Digital Credit Capital Framework, weekly ATM and bitcoin holding updates, and repurchase activity for the period ending August 23, 2026, via an 8-K filed August 24, 2026.