Strategy's USD reserve rose to a record $4.65 billion on Aug. 10, up from $871 million in late May, while duration expanded to about 2.7 years after the company added nearly $3.8 billion in 2.5 months. CEO Phong Le said the more-than-fivefold increase reflects the company's Digital Credit Capital Framework, a capital-management approach that uses equity issuance, preferred securities and potential bitcoin monetization to build liquidity for preferred dividends and interest obligations. An Aug. 10 Form 8-K said $650 million was added to the reserve, and a separate sale of 1,690 Bitcoin for $108.6 million during Aug. 3-Aug. 9 financed the repurchase of 1,152,020 STRC shares rather than increasing the cash balance. Strategy's board has set a minimum USD reserve equal to at least 12 months of expected preferred dividend and interest expenses unless a lower level is authorized.