MicroStrategy paused Bitcoin purchases in mid-August, raised $333.7M through MSTR share sales, and increased its USD reserve to $4.80B.
Macro & Markets ·
Strategy halted Bitcoin acquisitions during the week of August 10–16, maintaining its holdings at 840,447 BTC acquired at an average price of $75,385 and a cumulative cost basis of $63.36 billion. In the same period, the company executed a capital raise by selling 3.46 million MSTR shares, netting $333.7 million in proceeds.
The funds from the share sale were deployed across three uses: $132.2 million went toward repurchasing 1.39 million STRC shares, $52.4 million funded STRC dividends, and $149.1 million increased the company's U.S. dollar reserve. By August 16, the USD reserve had grown to $4.80 billion.
The pause in Bitcoin purchases and the simultaneous equity raise reflect a shift in capital allocation strategy during the reported week, though no explanation for the timing or intended duration of the acquisition pause was provided in available disclosures.