Strategy raised over $2 billion through its at-the-market program by selling about 18 million MSTR shares between August 17 and August 23. It did not buy or sell Bitcoin during the period, leaving its holdings at 840,447 BTC with an aggregate purchase price of $63.36 billion, or $75,385 per BTC on average. Strategy ended the period with $1.59 billion in USD Cash and $5.1 billion in its USD Reserve. The company introduced USD Cash as a new component of its Digital Credit Capital Framework, allowing management to deploy dollars for Bitcoin purchases, dividends, interest payments, share repurchases, convertible-note repayments or redemptions and other treasury needs. Of the latest MSTR issuance, $300 million was allocated to the USD Reserve and $136.4 million to repurchasing STRC preferred shares, with the remaining net proceeds added to USD Cash. Strategy said the flexibility could help it react more quickly to market conditions, including dislocations in bitcoin and its own securities. It repurchased 1.43 million STRC shares during the week, and the story remains developing.