POPA ReconStrategy Sells $2B of MSTR Stock but Buys No Bitcoin
Strategy Sells $2B of MSTR Stock but Buys No Bitcoin Michael Saylor's Strategy sold about $2 billion of its own MSTR shares last week, 18,261,118 shares between Aug 17 and 23, yet made no bitcoin purchases, a notable pause for the largest corporate holder of the asset. The proceeds were split three ways: $136.4 million went to buy back STRC preferred stock, $300 million lifted the company's USD reserve to $5.1 billion, and the remaining $1.59 billion seeded a brand-new "USD Cash" liquidity account. Strategy describes USD Cash as a separately designated dollar pool it can later deploy for gen…
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