Strategy (Nasdaq: MSTR) increased its U.S. Dollar Reserve by $747.8 million last week, bringing total USD liquidity to $2.19 billion as of Dec. 21.
The company’s bitcoin holdings were unchanged at 671,268 BTC.
The company posted on X:
“Strategy has increased its USD Reserve by $748 million and now holds $2.19 billion and ₿671,268.”
ATM sale funds the cash build
Strategy said the increase came from sales under its at-the-market (ATM) offering program.
From Dec. 15 to Dec. 21, the firm sold about 4.54 million shares of its Class A common stock.
It generated net proceeds of $747.8 million after sales commissions.
No preferred stock was sold during the week, despite multiple preferred share classes remaining available.
As of Dec. 21, Strategy reported more than $41 billion of aggregate capacity remaining across its common and preferred stock ATM programs.
Bitcoin position stays flat
The filing showed Strategy did not buy any bitcoin during the period.
Its aggregate purchase price for 671,268 BTC was about $50.33 billion.
The company’s average purchase price was $74,972 per bitcoin, including fees and expenses.
Why build dollars now
Strategy previously said it created a cash reserve on Dec. 1 to support dividend payments on preferred stock and service debt obligations.
The company aims to keep enough cash to cover at least 12 months of dividends, with longer-term plans to extend coverage to 24 months or more.
