Strategy did not buy or sell bitcoin between August 17 and 23, 2026. Instead, it used the proceeds from selling MSTR shares to build U.S. dollar liquidity and repurchase its own securities.
During the week, the company sold 18.26 million MSTR shares through its ATM program, receiving $2 billion in net proceeds.
Of this amount, Strategy allocated $136.4 million to repurchase 1.43 million STRC shares, another $300 million to its dollar reserve. Approximately $1.57 billion was transferred to a new USD Cash pool.
USD Cash is a separate liquidity pool that Strategy can use to buy bitcoin, make debt and preferred share payments, repurchase its own securities, and for other needs. As of August 23, 2026, the company's dollar reserve amounted to $5.10 billion, and USD Cash to $1.59 billion. The total U.S. dollar liquidity reached $6.69 billion.
Strategy's bitcoin reserves remained unchanged at 840,447 $BTC. Their cost basis is $63.36 billion, with an average purchase price of $75,385 per bitcoin.
BitMine Bought an Additional 32,447 $ETH
BitMine continued to build its Ethereum reserves. Last week, the company purchased 32,447 $ETH, stated its CEO Tom Lee. According to him, BitMine has been buying Ethereum weekly since the launch of its Ethereum treasury strategy on June 30, 2025.
Lee believes the asset's growth was expected due to strengthening fundamentals, the development of tokenization on Wall Street, and agentic AI. He cited additional positive factors as White House support for cryptocurrencies and the U.S. Treasury Department's purchase of long-term bonds.
He also expects a further rise in the $ETH/$BTC ratio. In Lee's opinion, previous Ethereum bull cycles were fueled by ICOs, NFTs, and stablecoins, while the current one could gain support from asset tokenization and blockchain usage by AI agents.
According to the company's data, BitMine owns 4.8% of the total Ethereum supply of 120.7 million coins.
Recall that Strategy recently exited its unrealized loss zone amidst bitcoin's rise.
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