Strategy sells $2 billion in MSTR shares and creates USD Cash pool

Strategy sold 18,261,118 MSTR shares between Aug. 17 and Aug. 23. An 8-K filing with the Securities and Exchange Commission disclosed approximately $2 billion in net proceeds. Strategy did not buy or sell bitcoin during that period. The company used $136.4 million for STRC preferred stock repurchases. Strategy used $300 million to increase its USD reserve to $5.1 billion. Strategy used the remaining $1.59 billion to establish a separate USD Cash liquidity account. The company may use the account for future bitcoin purchases. Strategy may also use the account for dividends, interest payments, stock repurchases, debt repayments, and reserve increases. Strategy's holdings remained at 840,447 BTC. The holdings were worth around $65.8 billion at the time of the filing.