Strategy maintained its Bitcoin position last week while selling millions of MSTR shares to strengthen its financial flexibility. The company sold 3.46 million shares for roughly $333.7 million between August 10 and August 16. However, it made no Bitcoin purchases or sales during the period. Consequently, Strategy’s Bitcoin holdings remained unchanged at 840,447 BTC.

Cash Reserve Expands

Strategy allocated $149.1 million from the stock sales to its USD reserve. Hence, its reserve increased by $150 million to approximately $4.8 billion. Additionally, the company used $52.4 million to cover dividends on its STRC preferred shares.

Moreover, Strategy directed $132.2 million toward repurchasing STRC securities under its Digital…