Summary
- Strategy increased its dollar reserves by $150 million and repurchased $132 million of its STRC preferred stock.
- The move extended Strategy's USD Duration metric tied to its dollar reserves by 41 days to 2.8 years.
- BTC Credit for STRC fell 4 basis points to 114 basis points, while the company's Bitcoin holdings stood at 840,447 BTC and its dollar reserves totaled $4.8 billion.
Forecast Trend Report by Period
Strategy increased its dollar reserves by $150 million and repurchased $132 million of its STRC preferred stock.
Michael Saylor, the company's chairman, disclosed the update on X on August 17. Strategy's "USD Duration," a company metric tied to its dollar reserves, extended by 41 days to 2.8 years.
STRC's Bitcoin Credit fell 4 basis points to 114 basis points.
As of August 16, Strategy held 840,447 BTC and had $4.8 billion in dollar reserves.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.