MicroStrategy raises $3.28 billion without buying Bitcoin

MicroStrategy raised $3.28 billion in August by selling 31.3 million shares and did not buy Bitcoin with the proceeds. The USD Reserve grew to $5.10 billion. It previously held $4.0 billion. A new USD Cash pool held $1.59 billion. The two pools held $6.69 billion in dollars. The reserve covers dividends and debt interest. A company filing says MicroStrategy may use the USD Cash pool for general Bitcoin Treasury purposes, including acquiring Bitcoin. MicroStrategy last bought Bitcoin on June 22, when it acquired 520 coins at $67,068 each. The company sold 6,916 coins after that purchase and bought none. Two August sales involved 3,328 BTC near $64,000 each. Bitcoin traded near $78,457 after rising 22% in seven days, according to BeInCrypto data. MicroStrategy's average Bitcoin cost was $75,385 per coin. MicroStrategy raised $2.47 billion by selling STRC preferred stock in July 2025. STRC paid a 9% annual rate at launch and paid 12% later. MicroStrategy spent $458.4 million on 4.88 million STRC shares in August. The company partly funded those purchases by selling Bitcoin. Its securities shelf programs had $44.9 billion in unused capacity across five securities.