Strategy, known for its relentless bitcoin buying, sat out this round—instead offloading $2 billion worth of MSTR stock and setting up a $1.6 billion "USD Cash" reserve. The company's bitcoin holdings still account for roughly 4% of the 21 million coin supply cap.
This time, Strategy didn't buy bitcoin. For a company that has practically built its corporate narrative around relentlessly stacking BTC, this "non-move" is news in itself.
According to the latest disclosed capital moves, Strategy sold $2 billion worth of MSTR stock—and made zero bitcoin purchases during the same period. Instead, the company established a $1.6 billion "USD Cash" reserve.
In other words, this round separates out the cash position rather than converting raised funds directly into bitcoin exposure, as the company has done in the past.
Even with the buying pause, Strategy's bitcoin holdings remain massive. The company currently holds roughly 4% of the 21 million coin supply cap, worth about $66 billion at current market value.
The available material doesn't specify the exact timing of the stock sale or the intended use of the cash reserve—further details await official disclosure.
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